Business owners not only have to deal with income tax matters but other forms of taxation such as:
- the federal Goods and Services Tax (“GST”)
- the Harmonized Sales Tax (“HST”, which is applicable for New Brunswick, Nova Scotia and Newfoundland, Quebec)
- customs duties
- provincial sales tax
- probate/estate tax duties
- land transfer taxes
- other taxes levied by various levels of governments.
Such taxes can often be costly. RSM Richter’s tax professionals understand Canada’s various commodity and other indirect taxes and can assist with effective planning.