Indirect Tax (GST, HST, PST)
Indirect taxes have a broad impact on business as they affect most transactions and because liability can result – regardless of whether there is profitability. Other potential consequences include increased absolute costs and risk exposure as well as diminished cash flows.
Harmonized sales tax (HST), goods and services tax (GST), provincial sales tax (PST), payroll taxes (such as CPP, EI and WSIB), and fuel taxes (federal and provincial) are all examples of indirect taxes in Canada. International examples include US sales and transaction taxes and value added tax (VAT) in the EU and other countries.
The above taxes can have a significant influence on your business, so when developing tax strategy the impact of indirect taxes must be taken into account. Let our indirect tax professionals use their knowledge and expertise to help you devise a tailor made tax approach that will reduce costs and minimize risk for your organization.
Contact us today to find out how our indirect tax services can help benefit your business.