The GST Construction Rebate: What does it mean for developers?
The Cross-Border Tax Podcast Series by BDO Canada
Release Date: 08/26/2024
Unlocking opportunity: Leveraging CETA to bolster Canada-EU trade
The Cross-Border Tax Podcast Series by BDO Canada
In this episode, Charmaine Goddeeris is joined by BDO Italy’s Guido Calderaro and BDO Ireland’s Carol Lynch to discuss the evolving impact of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA). With CETA provisionally in force since 2017, the agreement continues to open doors to reducing tariffs, streamlining customs procedures, and enhancing regulatory cooperation. Learn how CETA is shaping transatlantic trade, where businesses are missing out, and how finance, customs, and tax professionals can unlock its full potential. Guest information: Host: , Director,...
info_outline
Refining transfer pricing strategies amid rising tariffs
The Cross-Border Tax Podcast Series by BDO Canada
Tariffs and trade disruptions are reshaping how companies approach transfer pricing. In this episode, Charmaine Goddeeris, Dan McGeown, and Hilary Coates offer practical guidance for tax and finance leaders on maintaining arm’s length pricing amid volatile supply chains and raw material costs. Focused on real-world solutions, the discussion helps businesses adapt established transfer pricing frameworks to today’s changing trade environment. Learn how to align customs valuations with transfer pricing policies, adjust strategies to reduce tariff impacts, and navigate common compliance...
info_outline
Compliance in the digital age: A guide for Canadian DPOs
The Cross-Border Tax Podcast Series by BDO Canada
Discover how Canada’s regulations are reshaping the digital marketplace for platform operators. In this episode, Craig Mulcahy, Bruce Goudy, and Michelle Minor break down the specifics of the new rules, their impact on operations, and the crucial compliance deadlines. Gain insights on strategies for compliance, the consequences of non-compliance, and the importance of data management. This is a must-listen for digital platform operators looking to succeed in a regulated digital world. Guest information: Host: Guests: What you’ll hear in this episode: [0:23] Intro...
info_outline
Adapting to Canada’s e-commerce tax landscape: A seller’s guide
The Cross-Border Tax Podcast Series by BDO Canada
In this episode of our Cross Border Tax series, Lyn Little, BDO’s National Franchise Industry Leader and Partner, delves into the intricate and complex tax regulations and registration requirements affecting sellers on digital platforms in Canada. The discussion covers navigating the current sales tax landscape, various compliance strategies to consider, and best practices for meeting compliance requirements. Tune in to gain a deeper understanding of the complexities of Canadian e-commerce taxes. Guest information: Host: Guests: What you’ll hear in this episode:...
info_outline
Maximizing GST/HST recovery when selling your business
The Cross-Border Tax Podcast Series by BDO Canada
In this episode, join host Danvir Roopra, BDO’s National Tax Due Diligence Leader and Tax Private Equity Leader, as he discusses strategies for maximizing GST/HST recovery when selling a business with guests Darren Taylor and Shelley Smith, Partners in BDO Canada's indirect tax practice. The discussion focuses on early planning and structuring to ensure the recovery of sales taxes on expenses related to selling a business, the importance of proper documentation, and special rules applicable to holding companies and other entities involved in such transactions. Tune in for an insightful...
info_outline
The GST Construction Rebate: What does it mean for developers?
The Cross-Border Tax Podcast Series by BDO Canada
In this episode, BDO’s , , and break down the GST/HST recovery opportunity for builders of residential rental properties. They will walk you through the complexities of enhanced tax relief and how it can potentially unlock significant financial advantages for your upcoming projects. Tune in for actionable strategies that could positively impact developers considering new construction. Guest information Host: Guests: What you’ll hear in this episode [1:28] GST on residential rental construction in Ontario [4:30] Details on the Purpose-Built Rental Housing Rebate...
info_outline
Clean technology and carbon capture tax credits
The Cross-Border Tax Podcast Series by BDO Canada
, and Sustainability Partner, , explore the incentives for manufacturing companies that invest in clean energy projects in Canada. These include five new refundable tax credits for clean technology and the reopening of Sustainable Development Technology Canada (SDTC) funding. Find out what opportunities these tax credits and grants can provide for our thriving Canadian and international green economy. Guest information: Host: Guest: What you’ll hear in this episode: [1.15] Funding landscape in Canada. [2.00] Five new fully refundable tax credits for clean...
info_outline
An overview of changes to mandatory disclosure rules - LIVE in Toronto
The Cross-Border Tax Podcast Series by BDO Canada
Recording date: November 2023. New mandatory disclosure rules came into effect in June 2023, which introduced new reporting obligations for select tax planning transactions and uncertain tax treatments. In this episode, and Chris Rathwell from the BDO Transaction Tax team explain the new rules for both reportable and notifiable transactions, surprising uncertain tax treatments that may be impacted, and what effect this could have on financial statements.
info_outline
An update on Excessive Interest and Financing Expenses Limitation (EIFEL) rules - LIVE in Toronto
The Cross-Border Tax Podcast Series by BDO Canada
Recording date: October 2023. Navigating the complexities of the EIFEL rules can be challenging. In this episode—recorded live at the Tax Updates & Emerging Issues event with BDO Canada and the Tax Executive Institute (TEI), Toronto Chapter on Oct. 12, 2023—we break down the revisions to EIFEL rules and their impact. Tune in to hear BDO’s and Jessica Blazejewicz explain who is affected, which deductions are involved, and how to adapt to the changes.
info_outline
Update on the U.S. tax landscape - LIVE in Toronto
The Cross-Border Tax Podcast Series by BDO Canada
Recording date: November 2023. In part three of our live podcast recorded at the Tax Updates & Emerging Issues event, BDO Partners and cover what you need to know about U.S. tax, including legislative updates, uncertain tax positions and exposure, the results of a recent court case challenging 5472 penalties, and much more.
info_outlineIn this episode, BDO’s Thomas Kontogianis, Ken Garth, and George Tadross break down the GST/HST recovery opportunity for builders of residential rental properties. They will walk you through the complexities of enhanced tax relief and how it can potentially unlock significant financial advantages for your upcoming projects. Tune in for actionable strategies that could positively impact developers considering new construction.
Guest information
Host: Thomas Kontogianis, Partner, Assurance and Accounting
Guests:
Ken Garth, Partner, Indirect Tax
George Tadross, Senior Manager, Indirect Tax Services
What you’ll hear in this episode
[1:28] GST on residential rental construction in Ontario
[4:30] Details on the Purpose-Built Rental Housing Rebate
[6:14] Government purpose of the new rebate
[7:12] Effects of the new rebate on the REC industry
[9:51] Provincial alignment with GST changes
[11:11] Impacts on the rest of supply chain and the industry
[12:42] Additional insights on the rebate
Quotes
“Everyone knows that right now we're in the middle of a very serious housing crisis. I mean, there's a lack of affordable rental housing. People just can't find places to live. I think one of the things we need to start with to frame this is a lot of people aren't familiar with exactly how the GST works on a residential rental construction.”
“What a lot of people don't realize is when that building is completed and rented, the builder has to pay GST or HST depending on where you're living to Canada Revenue Agency based on the value of the property when it's completed.”
“It's referred to as the Purpose-Built Rental Housing Rebate, and it's basically an enhanced version of the existing new rental rebates. It's designed to effectively eliminate GST and possibly HST, especially in Ontario, on certain new housing construction projects.”
“Number one, they're (federal government) looking to reduce the cost of housing across the country because we all know housing has just become unaffordable for people, including for renters, not just owners. The second thing they're trying to do is they really want to increase the supply of these large multi-unit residential properties because people need a place to live and we just don't have enough supply these kinds of units right now.”
“The new rebate doesn't apply to condominium units, there's going to be an inconsistent treatment of rental condominiums versus apartment buildings. If you built a multi-unit residential apartment, you'll be eligible for the new rebate. Whereas if you build a condominium tower with a number of condo units, you won't qualify.”
“With respect to other HST provinces or the HST provinces, obviously Ontario is the biggest driver of this change given the population. I would say Ontario probably more than other provinces, have the most drastic need for housing at the moment.”
“We could see that this is a significant win for large apartment builders because it'll definitely impact the profitability of their projects and over time hopefully increase the supply of rental units and apartments.”