National Bookkeeping Week, January 15-19th, 2024, is a time dedicated to recognizing bookkeepers’ invaluable contributions and highlighting their essential role in maintaining the financial health of businesses and organizations. As we delve into the world of numbers, records, and meticulous attention to detail, we invite you to join us in celebrating the unsung heroes who keep the financial engines running smoothly.
Over the 5 days, we will run events, share stories, profiles, and businesses, and elevate and highlight the profession nationwide.
To learn more about National Bookkeeping Week visit bookkeepingweek.ca
Info
Did you know there are different GST/HST - ITC rules for different Capital Properties?
Were you aware that entitlements and obligations can change over time?
Did you know that some of these rules apply in a different manner in the For-Profit sector than they do in the Not-For-Profit sector?
If you would like to understand more about these issues, you should attend CRA’s GST/HST Presentation about Capital Properties and ITCs. You will hear directly from CRA’s GST/HST Headquarters employee who has 30+ years of experience working in GST/HST programs. The Presentation will review some of the most important GST/HST issues concerning Capital Real Property and Capital Personal Property to help individuals better manage the organization’s GST/HST obligations and entitlements.
LEARNING OBJECTIVES:
- Recognize the key GST/HST issues for Capital Properties
- Apply appropriate ITC Allocation for operating expenses
- Know when to account for GST/HST in different circumstances
- Understand and apply the correct rules for claiming ITCs over time
- Identify and reduce common GST/HST mistakes
TOPICS INCLUDE:
- Definitions
- Operating Expense ITCs
- Acquisition rules
- Improvement rules
- Changes-in-use rules
WHO WILL BENEFIT:
This Presentation is designed for those who manage or work with various For-Profit businesses and Public Service Bodies, including Charities, Non-Profit Organizations, School Authorities and Municipalities. It is intended for all individuals who may be involved with the entity’s GST/HST. We will cover operating expenses and Capital Property GST/HST rules - from initial purchase to various changes as they occur over time. You will hear about maximizing GST/HST recoveries and how to avoid common mistakes that can result in future non-compliance and arrears.
Presenter: Michael Monk
Michael Monk has been an employee of the Canada Revenue Agency (CRA) for 33 years. During that time, he has worked extensively with GST/HST.
Michael’s current role in CRA’s Ottawa Headquarters is with the GST/HST and Digital Compliance Directorate, where he has managed CRA’s National GST/HST Presentations and Outreach services for the last 7 years.
Michael was a Team Leader and Senior Technical Interpretations Analyst for 10+ years in GST/HST Rulings, Legislative Policy and Regulatory Affairs Branch. He spent numerous additional years in other GST/HST roles within the Compliance Programs Branch. Michael also worked as a CRA Facilitator throughout a ten-year period, creating and instructing GST/HST Legislation and Audit courses to CRA staff.
Michael has many years of experience working with a multitude of GST/HST issues across several sectors. He has participated in conferences, preparing and delivering GST/HST presentations to a variety of accounting and industry associations.
Michael has volunteered with many community and school association groups over the years. He has served as Director on the Board of a large national charity and CRA’s Employee Assistance Program Committee.
Please note that the GST/HST Seminar Series will NOT be recorded and made available.
A full refund for webinars will be given if cancellation is received within 24 hours of purchase. No refund will be given after 24 hours before the webinar start time.