Mr Mark V Lewis

Mark V Lewis

Updates

Corporate Finance/M&A

CRA curbs GST/HST reporting by joint venture bare trustees and nominee corporations
Canada | 25 February 2015

The Canada Revenue Agency (CRA) has amended its policy so that bare trustees or nominee corporations of a joint venture can no longer account for goods and services tax and harmonised sales tax collection and related input tax credit claims on the joint venture's behalf. As a result, participants in joint ventures should give careful consideration to whether their structure remains compliant with CRA policy.

Corporate Tax

CRA curbs GST/HST reporting by bare trustees and nominee corporations
Canada | 20 February 2015

The Canada Revenue Agency (CRA) has amended its policy so that bare trustees or nominee corporations of a joint venture can no longer account for goods and services tax and harmonised sales tax collection and related input tax credit claims on the joint venture's behalf. As a result, participants in joint ventures should give careful consideration to whether their structure remains compliant with CRA policy.