The Gst/HST is generally payable on the duty-paid value of goods imported into Canada. the duty-paid value is the value for duty determined for customs purposes plus any customs duties and excise duties and taxes. tHSThst payable on imported non-commercial goods is collected by the Canada border services Agency (“CBSA”) at the same time customs […]
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Canada GST/HST registration requirements
As a general rule, all persons engaged in a “commercial activity” in Canada must register to collect the Gst/HST within 30 days of first making a taxable supply in Canada. Generally, non-residents are required to register only if they carry on business in Canada and make taxable supplies in Canada. it should be noted, however, […]
Canada Harmonized Sales Tax
Canada imposes a value-added tax known as the Goods and services tax (“GST”) on the supply of most property and services in Canada. Gst applies at a rate of 5% in all Canadian provinces and territories except for five provinces that have harmonized their provincial retail sales tax (Pst) with the Gst. Ontario is one […]
Ontario Rates of Taxation
Ontario Tax Rate for Individuals Under both federal and Ontario legislation, marginal tax rates apply to individuals. For 2012, the combined federal and Ontario top marginal rate for individuals is 46.41% for ordinary income (such as salary and interest), 23.2% for capital gains and approximately 29.54% for eligible dividends. In the Ontario budget, released March […]
Ontario income tax on individuals and corporations.
In Canada, both the Ontario and federal governments impose an income tax on individuals and corporations. The federal government collects personal income taxes for Ontario. residents of Ontario file one combined federal and Ontario income tax return with the Canada revenue Agency (the “CRA”). As a result of a “harmonization”, effective for tax years beginning […]
Establishing a Branch in Canada
Branch Operations branch operations in Canada are an alternative to incorporation. A non-Canadian corporation may register to carry on business in Canada as a branch in the same manner as a corporation incorporated federally or in another province. Non-Canadian corporations with branch operations must appoint a local agent for the service of court documents. A […]
Establishing a new business in Canada as a Corporation
Direct investment in Canada is often through the establishment of a corporation. Corporations may be formed under provincial or federal law. Incorporation may be effected rapidly and inexpensively. Often the most pressing initial matter is to choose a corporate name that is not confusingly similar to an existing corporate name or trademark. incorporation is achieved […]
Formation of limited partnerships in Alberta
Subject to subsection (2) of the Alberta Partnership Act, a limited partnership is formed when a certificate substantially complying with subsection (3) is filed with and recorded by the Registrar. A certificate shall be signed by all the persons desiring to form a limited partnership and shall state (a) the firm name under which the […]
Requirements to Start a Business in Canada
Starting a new business in Canada as a Canadian resident or Non-Canadian resident is very straightforward and the registration of the new venture can be done in six easy steps: 1. The first step is the name search request 2. The second step is to hire the services of a registered agent in the jurisdiction […]
Reasons to start a business in Canada
According to recent rankings from both Forbes1 and US News, 2 Canada is the best country in the G20 for establishing business operations, and the Economist Intelligence Unit asserts that Canada is expected to be the second best country in the G7 for doing business over the next five-year period, from 2017 to 2021.3 Canada […]
