Excise Tax Returns
What are excise taxes?
Excise taxes are taxes paid on the sale of certain goods and services, such as HST or GST. We can help keep you compliant and up to date with all of your Federal and Provincial excise and commodity taxes.
How to strategize commodity taxes
Many accountants can prepare and file a Sales Tax Return for you. However, Numbers Plus® is your expert in commodity taxes. The difference between an accountant and an expert is someone who can (not only) file these for you, but also develop a strategy to maximize your gains. We can help you:
- Claim your ITC's before they expire
- Apply for rebates (i.e. new housing and rental)
- File elections (i.e. the quick method or agreement under associated corporations)
- Determine tax and rate applicability under the Place of Supply Rules
It is important to have an in-depth knowledge of the rules and be up to date on decisions regarding the various levels of the Government, particularly relating to managing your commodity taxes.