JANUARY LEARNING KURVE

NEW QST REGISTRATION RULES FOR NON-RESIDENTS

The world of e-commerce is quickly changing the consumer landscape and regulators are trying to keep pace. In our September Kurve, we reported the recent changes to sales tax in the U.S. affecting online retailers. Amidst speculation that the Canadian government may review its own rules regarding sales tax for online retailers, the Québec government has taken the lead with the implementation of new Québec Sales Tax (QST) registration rules, effective January 1, 2019, for non-resident businesses that sell into Québec.

ARTIFICIAL INTELLIGENCE AND THE ENTREPRENEUR

 The world is musing over the potential impact of Artificial Intelligence (AI). Forrester predicted “A greater than 300% increase in investment in artificial intelligence in 2017”, and Sundar Pichai CEO of Google wrote in 2016 that;“The last 10 years have been about building a world that is mobile first. In the next 10 years, we will shift to a world that is AI first”.

TAX FACTS FOR ONTARIO RESIDENTS

Annually, the Canada Revenue Agency reviews and updates rates and thresholds related to personal and corporate income taxes. You will find below information for individuals and businesses on selected rates and thresholds that may be of interest to you.

STATUTORY FILING DATES FOR FEDERAL, ONTARIO, AND U.S. GOVERNING BODIES

A summary of statutory filing dates for federal, Ontario, and U.S. governing bodies is provided below. Keep this as a handy reference to ensure you are timely and compliant with respect to your tax matters.

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