Commodity Taxes

In recent years commodity taxes have become more complex, with changing tax laws and compliance requirements. Some of the issues include:

• changes to tax rates
• updates to rules, regulation and exemption certificate requirements
• new rulings on refund claims procedures
• changing inter-provincial issues
• updates to audit and compliance issues
• court case implications

NMI can manage tax audit and refund claims on your behalf, and act as your advocate in negotiations with federal and provincial tax departments.

Federal Goods and Service Tax Harmonized & Quebec Sales Tax (GST, HST & QST)

NMI will review your operations and ensure all appropriate credits are accounted for and maximized for the statutory period. We'll assess your current method of charging and calculating Net GST, HST & QST, and of calculating GST, HST & QST tax credits and notional tax credits. We can also identify services that could be subject to GST, HST & QST, and thereby increase your overall tax credit.

Provincial Sales Tax (Ontario, Manitoba, Saskatchewan, BC & PEI)

NMI will review the PST and Fuel Tax Rebate program for the statutory period. Your tax burden will be minimized, as NMI will ensure complete compliance with statutory requirements while identifying possible tax overpayments on purchases. NMI will explore opportunities for minimizing PST on goods that are for your own use.