While most Canadians think of the Goods and Services Tax (GST) as a national tax, companies operating in the provinces of Nova Scotia, New Brunswick and Newfoundland must consider a federal sales tax called the Harmonized Sales Tax (HST).  Or, if you do business in Quebec, you must consider Quebec Sales Tax (QST) which is very similar to GST.

Perhaps you’re thinking that you know all about GST and GST Recovery.  You simply tax the goods and services you sell in Canada at 7% and deduct all of the GST you paid to supply those goods and services and remit the difference to Ottawa, right?

Unfortuntely for most of us, it is never that simple!  Surprising amounts of GST are neglected by many accounts payable staff in most companies.  Some invoices list GST in various non-standard places, making the tax hard to catch consistently.  Did your staff correctly code your GST into the correct account when you imported goods?  Is you employee expense system correctly trapping GST? Have you used the most efficient methods to design your employee expense reports for the collection of GST?  Perhaps for the purpose of gathering GST/ HST / QST your reports could be made easier while ensuring that more of these refundable taxes can be collected.

Every organization in Canada pays GST.  That includes for profit, charitable and "near government" organizations - large, medium and small.  But why pay more than you have to?  That's where RDP steps in to help.

Please take a look at our FAQ Section for a review of the typical questions and situations that affect most companies.  Better yet, why not Contact us to review your payables and learn from our insights and experience?  It could save you time and money while developing a strong ally for minimizing sales taxation in the future.