The Canadian budget for 2014 includes a range of changes to the Canadian Goods and Services Tax (GST) and Harmonized Sales Tax (HST) regime.
The tax changes include the following:
- Extension of the GST exemption on certain health and disability training program;
- New powers for the tax authorities to impose GST registration where they believe there may be taxable income or black market activities;
- A new system for the reporting and calculation of GST for joint venture partners; and
- A new GST grouping option for related parties.
