A non-resident corporation has to file a T2 return if, at any time in the year, one of the following situations applies: it carried on business in Canada it had a taxable capital gain it disposed of taxable Canadian property unless the disposition meets all the criteria listed below in the section “Dispositions of taxable […]
Tag Archives | Canada Taxes
Ontario Municipal Taxation
Municipal taxation in Ontario generally takes the form of real property taxation. Ontario municipalities do not impose sales taxes or income taxes. real property taxes are not imposed by the federal government. Municipalities levy and collect property taxes based on assessed values determined by the Municipal Property Assessment Corporation. Municipalities may also levy development charges […]
Ontario Sales Taxes
All Canadian provinces have some form of general or limited sales tax, such as sales taxes, use taxes, value-added taxes, or specific sectoral taxes on fuel, tobacco, or hotel and accommodation taxes. Prior to the implementation of the HST, the Ontario retail sales tax (“RST”) formerly applied at a rate of 8% to most sales, […]
Canada GST/HST for property and services made in Canada
The Gst/HST applies only to supplies of property and services “made” in Canada. supplies of property and services that are made outside Canada are beyond the scope of the Gst/ HST. special deeming rules are contained in the legislation for purposes of determining when a supply is made inside or outside of Canada. Furthermore, certain […]
