Tax Series – Session VIII
December 08, 2020
Fall Economic Statement 2020 & Subsection 55(2) Developments
The latest in tax law
Government Proposes GST/HST Collection Regime for Online Supplies
December 02, 2020
On November 30, 2020, the Minister of Finance proposed a new registration and collection regime for GST/HST payable in respect of supplies of property and services made through online platforms. The proposed regime is conceptually similar to the QST registration and collection regime enacted by Québec in 2019 and to some of the piecemeal PST registration and collection rules enacted by various non-participating provinces, although the mechanics of the proposed regime are entirely different.
Revised Stock Option Rules Released
December 01, 2020
As promised in the Throne Speech, the Government of Canada released a Notice of Ways and Means Motion as part of its Fall Economic Statement on November 30, 2020, which includes detailed legislative proposals relating to the employee stock option deduction.