Maximizing GST/HST recovery when selling your business
The Cross-Border Tax Podcast Series by BDO Canada
Release Date: 09/03/2024
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,...
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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...
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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...
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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:...
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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...
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The GST Construction Rebate: What does it mean for developers?
The Cross-Border Tax Podcast Series by BDO Canada
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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...
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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.
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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.
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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, 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 discussion to maximize your GST/HST recovery.
Guest information:
Host: Danvir Roopra, National Tax Due Diligence Leader and Tax Private Equity Leader
Guests:
Darren Taylor, Partner, Indirect Tax
Shelley Smith, Partner, Indirect Tax
What you’ll hear in this episode:
[2:16] The importance of planning and structuring to ensure sales tax recovery.
[4:19] Advice for business owners on maximizing ITC recovery and sales tax recovery when preparing to sell their business.
[6:38] Explanation of special rules for business owners to obtain maximum tax recovery.
[12:06] Summary points for business owners contemplating selling their business.
[14:40] Strategies for maximizing ITC before a sale and common mistakes to avoid in transactions.
[18:15] The differences in sales tax rules across various Canadian jurisdictions.
Quotes
“The first point of advice I can give is plan, plan, plan. Make sure you have the proper planning in place, and the proper structure in place before you go ahead and sign contracts with your accountants, with your lawyers, with your brokers, et cetera.”
“It's really helpful to, in advance, in contemplation of selling a business, maybe to do a diagnostic, a sales tax review, to make sure all of the issues hiding away in the closet that might come out and have to be resolved as part of a due diligence process.”
“The dollars can be significant, especially when you look at lawyers, structuring accountants, valuation opinions, so on and so forth. There's considerable resources being invested in acquisition or takeover of businesses.”
“…for anyone who is contemplating selling their business. One is to be careful who is signing the engagement letter for the work, which entity within the group is signing. Again, because GST and HST is very document driven, that is a very important factor.”
"Don't forget about the sales tax. It's important. It's recoverable if things are set up properly."