GST/HST: Cost Sharing Arrangements – Agency Relationship
Were you aware that there are different types of cost sharing?
Did you know that arrangements have different GST/HST rules?
Do you know how an Agency relationship impacts your organization?
If you would like to learn more, you should attend this Canada Revenue Agency (CRA) GST/HST Presentation. You will hear directly from CRA’s Headquarters, GST/HST Directorate representatives who has 35 years experience in GST/HST Programs. The Presentation will identify and discuss how cost sharing can affect an organization’s GST/HST. We will introduce concepts of cost sharing arrangements, focusing on entitlements and obligations of Agency relationship, to help better manage the resulting GST/HST impacts.
Note: This webinar will not be recorded and therefore will not be available to view on-demand.
LEARNING OBJECTIVES:
- Recognize Agency
- Understand how to correctly account for GST/HST when cost sharing
- Apply correct GST/HST rules to ensure accurate GST/HST and Input Tax Credits (ITCs)
- Learn to claim back only your eligible amounts and not those eligible by other entities
TOPICS INCLUDE:
- Different Types of Cost Sharing Arrangements
- Indicators of Agency
- Agency GST/HST Rules
- Impacts
- Examples
- Reference Materials
WHO WILL BENEFIT:
This Presentation is designed for all individuals who may be involved with, or responsible for, an organization’s GST/HST, and for Tax Practitioners. You will hear about how sharing costs on projects or programs, with one or more other entities, can impact your GST/HST obligations and entitlements. You will learn about what GST/HST issues should be considered when entering into a cost sharing arrangement. Attendees will better understand how to avoid mistakes, which could result in missed Rebate or ITC claims, or which may result in overclaiming, or claiming when you are ineligible, thereby creating arrears on your GST/HST return or other non-compliance issues.
About your presenter:
Michael Monk has been with Canada Revenue Agency (CRA) for 35 years. During that time, he has worked extensively with numerous complex GST/HST issues.
Michael's current role in CRA’s Ottawa Headquarters (HQ) is with the HQ - GST/HST and Digital Compliance Directorate where he has managed CRA’s National GST/HST Presentations and Outreach services for the last 9 years. During that time, he has created and facilitated hundreds of GST/HST Presentations, on topics across multiple sectors and industries.
Michael was a Team Leader and Senior Technical Interpretations Analyst for 12 years in GST/HST Rulings, Legislative Policy and Regulatory Affairs Branch. He spent additional years in other GST/HST roles within the Compliance Programs Branch.
Michael also worked as a CRA - GST/HST Facilitator spanning over a 10+ year period creating, reviewing, and facilitating many of CRA’s Internal GST/HST Legislation and Audit Courses to hundreds of CRA staff. Michael has facilitated in CRA Regions across the country and has taught staff from Audit, Refund Integrity, plus other Programs, in numerous Tax Services Offices and Taxation Centers, including custom-created project driven instruction.
Michael has decades of acquired GST/HST knowledge and experience, having worked with multiple complex GST/HST issues. He brings a wealth of experience from the perspectives of both Audit, in Compliance Programs, and from Legislative Interpretation, from GST/HST Rulings.
Michael has served as Speaker at many Conferences, preparing and delivering GST/HST Presentations nationally for a variety of industry associations and practitioners.