As the end of 2019 approaches, corporations should take stock of changes related to indirect tax, trade and customs announced throughout the past year
As the end of 2019 approaches, corporations should take stock of changes related to indirect tax, trade and customs announced throughout the past year. Businesses in all sectors across Canada face new sales tax obligations and deadlines as a result of ongoing GST/HST, QST and other indirect tax changes. In addition, many companies should be preparing for the impending ratification of Canada's new trade deal with Mexico and the United States. As a result of some of these changes, companies will have to continue to contend with uncertainty and adjustments to systems and processes.
To help you consider how you may be affected by recent GST/HST, QST and other indirect tax changes, we have summarized some of the most significant new rules and developments from the past year. In light of these changes, businesses should take proactive steps to manage their indirect tax compliance obligations, risks and unrecoverable tax costs.
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