Upcoming GST relief causes confusion for some small Canadian businesses
A tax break for the holiday season will start this week, giving some Canadians relief on year-end shopping. But for small businesses, confusion around what applies for the GST relief has emerged.
#GST #business #confusion #Canada
https://www.ctvnews.ca/business/upcoming-gst-relief-causes-confusion-for-some-small-canadian-businesses-1.7143933
How the GST and HST holiday works, what’s covered, what’s not.
https://www.cbc.ca/news/politics/gst-hst-holiday-how-it-works-1.7407763
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Comment le congé de TPS et TVH fonctionne? Qu’est-ce qui couvert ou pas?
// Article en anglais //
GST Alert: GSTR-9 Annual Return for FY 23-24 is due on 31st December 2024. It summarizes yearly supplies, ITC claimed, and turnover under CGST, SGST, and IGST. Filing is optional for taxpayers with AATO up to ₹2 Crore. #GST #GSTR9 #TaxCompliance #GSTReturn #Finance
GST Alert: GSTR-3B due on 20th Dec 2024 for Nov. Includes outward supplies, ITC claimed, and net tax payable. Applicable to taxpayers with turnover > ₹5 crore in FY or not under QRMP scheme for Oct-Dec 2024. Stay updated! #GST #TaxCompliance #GSTR3B #GSTReturns
Via #CultMTL, December 03, 2024
#NDP leader #JagmeetSingh has issued a strong statement on the #Conservatives’ decision to vote against the #GST #TaxHoliday, calling out #PierrePoilievre and the #CPC for “Bootlicking for Billionaires.”
....
Singh pointed out that, while Pierre Poilievre and the Conservatives voted against the GST Holiday, they did in fact vote to cut #CorporateTaxes by 7%, costing #Canadians $60-billion.
https://cultmtl.com/2024/12/pierre-poilievre-and-the-conservatives-are-bootlicking-for-billionaires/
Of course Pierre Poilievre would oppose it #Canada #cdnpoli #GST #PierrePoilievre #costofliving
https://www.cbc.ca/news/politics/gst-holiday-vote-1.7395767
#PierrePolievre says PM Trudeau's 2 month #GST tax break will be inflationary and will vote against it. So...wouldn't it also be inflationary to "axe the (carbon) tax"?
https://ca.finance.yahoo.com/news/liberals-ndp-expected-pass-gst-090002547.html
I just don’t see how #HST provinces are supposed to recoup that loss. The feds should stick to their lane and only holiday the #GST.
From: @NatObserver
https://flipboard.com/@natobserver/canada-s-national-observer-3fli7fiuz/-/a-7eNToSoCQXmQHXEwpeWXyw%3Aa%3A2723035079-%2F0
*BREAKING NEWS* :
#BJP+ Allies Announce * #GST free #Maharashtra*
#G = #Gandhi
#S = #Sharad
#T= #Thackeray
1. They blocked my account, insisting I add my "taxpayer ID" to my account.
2. I don't have a problem with that, *but* when you do so, Etsy stops collecting and remitting Canada's #GST and/or #HST from buyers. It's now Your Problem. However...
3. They do not provide a way to let sellers add the taxes to their prices/transactions. You just have to take it out of your item price. Which means...
4. Because #tax #rates vary across Canada, from 5% to 15%, you would have to set your price differently in each #province or #territory to account for it. But ...
5. Etsy does not provide a way to do that. So ...
6. You have to add 15% to your prices, charge everyone that, and then back-calculate the "real" item price differently for each province and territory, for every sale. Which is bad enough, but ...
7. Etsy does keep collecting the *#PST* from buyers in 3 of the provinces. So it effectively charges PST on the GST/HST you've included in the prices. Back-calculating from *that* is more painful. And you're lying about the amount of tax paid on the receipts Etsy generates, which is a *#crime*.
TL;DR: Etsy makes sales impossibly difficult, and makes you complicit in a crime while doing so. Fun.
2/x
Honestly this should be given to everyone. Everyone is seeing less in their pockets and could use this #GST #Canada #cdnpoli #costofliving
https://www.cbc.ca/news/politics/gst-holiday-cheque-bill-ndp-1.7394578
The bankruptcy of 40,943 companies is a sign of policy failure. #Nehru's policies were old, but #Modi government's #demonetisation, #GST and COVID-19 management worsened the situation. The question is not of responsibility, but of solution.
NDP Leader Jagmeet Singh is calling on the Liberal government to go back to the drawing board after learning that the Working Canadians Rebate won't apply to many seniors, people with disabilities and recent graduates. #cdnpoli #GST
https://www.cbc.ca/news/politics/ndp-singh-liberal-cheque-working-canadians-rebate-1.7392930
@justintrudeau For #Cons and all those who are attacking this measure put forth by the Liberal govt, let’s remember that the #GST was a tax introduced in Canada on January 1, 1991, by the #conservative government of Prime Minister Brian Mulroney.
“What the Liberal Party wishes they could say”
God, I love Brittlestar.