Your Federal Sales Tax Check-up

Ross Willmot is Executive Director of the Ontario Association for
Continuing Education.

These four chartered accountants with Ernst & Whinney say this “check-up” is designed as an overview of federal sales taxes and should not be regarded as an in-depth review of all such tax provisions. Such topics as manufacturing, valuation, containers and coverings, exemptions, wholesalers, excise license, refunds and appeals, as well as general considerations, are briefly described, with follow-up questions to review application of principles. A separate section deals with the pending proposed change to imposing the tax at the wholesale level. This section covers such topics as licenses and authorizations, valuation and sales price, the large retail tax, tax planning and the transition, and general considerations. Other CCH publications, “Sales Tax Guide — Canada” or “Canadian Sales Tax Reporter,” are recommended as part of your federal sales tax check-up. You should also refer to the Department of National Revenue as well as to their rulings in the form of Excise Tax Memoranda, Bulletins, and Communiques.