Canada: Indirect tax compliance issues and opportunities, real estate businesses

Canada: Indirect tax compliance issues, opportunities

A real estate business must carefully review and understand how its operations are affected by the GST/HST, QST, PST* and other indirect taxes—including property taxes and payroll taxes.

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*GST / HST, QST and PST = goods and services tax / harmonized sales tax, Quebec sales tax, provincial sales tax


Real estate businesses that do not fully comply with the rules for these taxes or that make an error on collecting tax, self-assessing tax or filing returns could be subject to additional taxes, interest or non-compliance penalties. Also, input tax credits (ITC), input tax refunds (ITR) or rebates could be denied. It is also important to determine that otherwise unrecoverable indirect taxes are not overpaid.

In meeting the tax compliance obligations, there are many issues to be consider to help identify potential indirect tax risks and opportunities to reduce indirect tax related costs. 


Read an April 2016 report [PDF 63 KB] prepared by the KPMG member firm in Canada: Real Estate GST/HST Check-up - Meet Your Obligations 

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