National Bookkeeping Week, January 20-24, 2025, 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
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Did you know that there are different GST/HST rules for different industry sectors?
Are you aware of your GST/HST entitlements and obligations?
If you would like to learn more, you should attend this Canada Revenue Agency (CRA) Presentation, “GST/HST Introduction - For-Profit Sectors.” You will hear about some of the basic GST/HST obligations and entitlements, and we will lay the foundation for more detailed learning in subsequent presentations in the series. You will hear directly from a CRA GST/HST Headquarters Representative who has 35 years of experience working in CRA’s GST/HST programs.
LEARNING OBJECTIVES:
- Understand basic GST/HST application
- Learn obligations to charge and collect tax
- Apply basic credit entitlements
- Recognize potential mistakes
TOPICS:
- Definitions
- GST/HST Registration
- Taxable Supplies
- Collect and Remitting Tax
- Input Tax Credits
- Early and Late Payments
- Refund Holds
- Reference Materials
WHO WILL BENEFIT:
This presentation is designed for various For-Profit sectors. It is intended for owners, tax practitioners, directors and staff, plus any other individuals who may be involved in or responsible for the organization’s GST/HST. This presentation will be of value to any individuals interested in learning more about GST/HST and will be an important introduction for those attending the more detailed learning in subsequent presentations in the series.
PRESENTER: Michael Monk
Michael Monk has been with the Canada Revenue Agency (CRA) for 35 years. During that time, he has worked extensively with GST/HST.
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 nine years.
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 Facilitator over a 20-year period, developing training courses and facilitating many GST/HST Legislation and Audit Courses for hundreds of CRA staff.
Michael has several years of acquired GST/HST knowledge and experience, having worked with a multitude of GST/HST issues across many sectors and business lines. He has participated in several conferences, preparing and delivering GST/HST presentations nationally to a variety of accounting and industry associations.
Michael has volunteered with several community and school groups over the years. He has also served as Director on the Board of a large charity and on CRA’s Employee Assistance Program Committee.
PLEASE NOTE: The GST/HST Seminar Series is live only. The sessions 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.