A GST-HST tax lawyer working in Toronto can advise you about the many complicated issues surrounding sales tax and GST and HST concerns. An experienced attorney is essential to help you avoid different problems associated with the management of the collection and remission of appropriate sales taxes. When you find yourself in the midst of a conflict or needing to prepare for an audit, the support of an attorney is instrumental in helping you to feel prepared and to minimize the potential penalties.
If you don’t have legal representation on your side, advance tax planning and dealing with emerging issues is difficult or impossible. With a Toronto tax lawyer who knows the landscape and can help you with current issues and a long-range view, you know what to expect and how to avoid many common problems.
Your Team of GST / HST Tax Lawyers in Toronto
Knowing how and when HST applies is hard for business owners, especially those who are regularly doing business with people or organizations located in different provinces. A comprehensive plan to minimize risk and ensure compliance is necessary to protect business interests. What seems like small mistakes on your end can turn into big problems in the event that an investigation or audit is opened, so it pays to be prepared with the support of a Toronto HST lawyer.
An HST lawyer is someone whose practice is primarily focused on GST or HST issues. The harmonized sales tax in Canada is part of the overall goods and services tax system, under the Excise Tax Act. HST attorneys in Toronto will be familiar with most issues arising in the context of HST. Many lawyers will focus exclusively on certain types of HST issues.
HST is charged when the GST and the provincial taxes are combined, but this means there are still differences between various provinces. This creates a big challenge for a business owner in terms of figuring out exactly what to charge.
An HST attorney is also likely to represent clients at many different levels of government in the form of objections, audits and appeals and can also assist with representation and appeals to the tax court of Canada.
Having the insight of an experienced attorney who serves in this area on a regular basis is instrumental in minimizing problems and ensuring that you have the right information and processes in place to establish appropriate collection and remission procedures. Furthermore, if an objection is needed or if an appeal or an audit needs to be managed, the support of an attorney who knows this area of tax law is crucial for your protection.
The in-depth knowledge of sales tax laws can assist you in crisis mode and also in planning in advance for these complicated matters. Your attorney should have extensive experience in resolving a wide range of tax disputes at early stages of the process. Many different industries and individuals can benefit from the insight of an attorney who has been practicing in this field for many years. Scheduling a consultation with an HST tax lawyer in Toronto is essential.
When trying to hire a Toronto GST lawyer or a Toronto HST lawyer, experience is critical. You need the support of an attorney who understands the common pitfalls that people experience when it comes to GST and HST and how to appropriately respond in the midst of managing a dispute, since sales tax advice can make a big difference in the management of your case and in minimizing the potential for disputes that could emerge down the road.
There are several different types of taxes to be aware of in Canada, including provincial sales taxes referred to as PST, as well as the goods and services/harmonized sales tax also known as GST-HST. Furthermore, there are excise taxes specific to various products. Commodity taxes are governed by a unique set of regulations and laws that are quite different from income tax rules. As a business owner, it is your responsibility to properly collect and remit the appropriate amount of tax and to register officially.
Furthermore, you need to be aware of the various tax credits that you may be eligible to claim and tax planning with the support of an HST lawyer in Toronto can help you to reduce the amount of taxes payable and to optimize your credits. When it comes to non-residents, input tax credits, real property, financial services, e-commerce, telecommunications, cross-border transactions and more, the support of an attorney is highly beneficial to any business that has questions about their responsibilities and how to respond to notices that indicate that there could be a problem.
Avoiding further escalation with an existing problem and ensuring that you have access to legal support if an audit is started can make a big difference in the outcome of your case and in how you prepare for future issues as well. The sooner you can form a relationship with a lawyer, the more confident you’ll feel about sales taxes.
Do You Really Need a GST / HST Lawyer in Toronto to Help?
You need award winning tax lawyers in Ontario who are thoroughly committed to representing you to the fullest and giving you comprehensive assistance for the duration of their representation. You need an experienced attorney who has the expertise that you need when it comes to complicated tax issues surrounding GST and HST.
Addressing these problems sooner rather than later can decrease the possibility of problems for your business and can also show that you have done everything possible to protect yourself and to remain in compliance with these important laws.
It can be difficult for businesses to figure out how much GST or HST to charge and this information should be handled by an attorney who understands all complex aspects of this tax representation, including applying zero-rating rules for non-residents, and how to handle audits, objections and appeals. The sooner that you retain an experienced attorney, the easier it will be to address a personalized plan for representation and development of a complaint strategy to ensure that your needs are represented.
The Goods & Services Tax (GST)/Harmonized Sales Tax (HST) is a value added tax that became effective in Canada on January 1, 1991 and which replaced the then existing 13.5% Federal Sales Tax, a hidden tax on manufactured goods. GST/HST is levied under Part IX of the Excise Tax Act. The rate of tax is currently 5% as of January 1, 2008, having been reduced from the original rate of 7% in 2 steps of 1% each.
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