@marnotom! wrote:
Interesting reading from the Federal Guvmint website:
https://www.budget.gc.ca/2021/report-rapport/anx6-en.html#application-of-the-gst-hst-to-e-commerce
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/digital-ec...
This part is definitely interesting.
Threshold Amount Determination
Under the proposal for cross-border digital products and services, a non-resident vendor or distribution platform operator with sales to consumers in Canada that exceed, or are expected to exceed, $30,000 over a 12-month period is required to register for the GST/HST under the simplified framework and charge the GST/HST on their sales. Budget 2021 proposes an amendment to the proposals to clarify that supplies of digital products or services that are GST/HST-free (i.e., zero-rated) are not included in the calculation of the threshold amount for determining if a person is required to be registered for the GST/HST under the simplified framework.
Skimming through that info gives one a major headache. Not entirely sure how it simplifies anything. But that's how they got there...So has everything been finalized? (Most of that was dated 2021).
And how well be anything paid on behalf of seller be documented so both parties are on the same page? Will it clearly express any tax refunded for cancelled transactions or partial refunds? To me sounds like an accounting nightmare.
-Lotz
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