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Canadian GST/HST rules are changing on July 1: Is your business ready?

June 7, 2021 @ 1:00 pm - 2:00 pm EDT

Free
RSM CPE Webinars

Participants of the live webinar will be eligible for 1 free CPE credit.

Register

LIVE WEBCAST  |  

Effective July 1, 2021, significant changes to the goods and services/harmonized sales tax rules in Canada could lead to GST/HST obligations for businesses operating outside of Canada who sell to customers in Canada.

The existing GST/HST rules have generally allowed businesses who operated entirely outside of Canada to avoid any GST/HST obligations, even if the business was selling products or services to customers in Canada. The changes that will take effect on July 1, 2021, will require all businesses who sell to customers in Canada to review if the new rules apply to them.

If a business is subject to the new rules, it will be required to register for GST/HST by July 1, and will be required to charge and collect GST/HST on sales to customers in Canada starting on July 1. Additionally, businesses may have additional information gathering requirements under the new rules, which may require significant changes to enterprise resource planning and/or billing systems.

After listening to this webcast, nonresident businesses can expect to:

  • Have a better understanding of the upcoming changes
  • Learn how their business may be affected
  • Hear practical examples of the new rules in action

Learning objectives
By the end of this webcast, participants will be able to:

1. Describe the imminent changes to Canada’s goods and services/harmonized sales tax system that will affect many of the following businesses:

  • Remote sellers who sell digital products, traditional services and tangible goods to customers in Canada
  • Digital marketplace operators facilitating sales of digital products, traditional services and tangible goods to customers in Canada
  • Short-term accommodation marketplace operators who facilitate sales of short-term accommodation located in Canada

2. Explain the factors affecting remote sellers and digital marketplace operators, and the criteria that will require them to register, collect and report the applicable tax.

3. Assess the various issues around implementation of these rules and practical considerations for a business’s enterprise resource planning, billing and other systems.

CPE credit available
RSM US LLP is pleased to offer 1.0 CPE credits for attending each webcast. To qualify, you must log in to the webcast and provide your first name, last name and email address. You must remain logged in for a minimum of 50 minutes and answer 75 percent of the polling questions to receive credit. Group CPE is not available. For more information regarding administrative policies, such as refunds, cancellations and complaints, please contact us.

RSM US LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Advance preparation: None | Program level: Basic | Prerequisites: None | Delivery method: Group internet-based
Field of study: Taxes | CPE: 1.0 credits per webcast

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