GST/HST - Specific Topics

Overview:

Failure to be aware of the complexities of the GST and HST can result in lost recovery opportunities or large tax assessments. This course presents advanced GST/HST topics to enhance your knowledge about Canada’s value-added tax. Concepts related to the application and the recovery of GST/HST will be discussed. 

This course builds on the knowledge within the GST/HST: The Fundamentals course. It will provide you with an overview of more important GST/HST concepts, definitions and identifies some important areas which are frequent sources of errors/assessments. 

You will be exposed to various GST and HST topics and issues, accompanied by relevant everyday examples. At the end of the day, you will be exposed to numerous common GST/HST issues. This information will be extremely useful to CPAs, students and those who work with the GST and HST on a daily basis. It is a great overview of topics to reaffirm your knowledge of the GST/HST and receive an update on new and trending issues.  

Course Content:

In this course, you will gain knowledge about the following topics:

• Review of important concepts
• Collection issues
• Common recovery issues
• Agency 
• Cross border issues 
• Public sector bodies 
• Introduction to financial services 
• Status Indian transactions 
• Audits, assessments and director liability 

Learning Objectives:

Upon completing this course, you should be able to:

• Define and explain numerous terms and phrases used for GST/HST purposes 
• Explain the importance of understanding the characterization of a supply 
• Explain the correct recovery treatments for employees reimbursements and other cost recoveries 
• Identify numerous areas of exposure for the non-collection of tax 
• Describe common exposures related to taxable imports and exports 

Who Will Benefit: 

CPAs and students, practitioners to accountants in business/industry and other advisors who want to obtain a greater understanding of the federal sales tax system in Canada. It will also be beneficial to those who deal with the Goods and Services Tax (GST) and Harmonized Sales Tax (HST) on a daily basis, or those who would like a refresher and update of trending issues.