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 organizations must occasionally self-asses GST/HST?
Are you aware of which transactions trigger this self-reporting requirement?
If you would like to learn more on the topic, you should attend this Canada Revenue Agency (CRA) GST/HST Presentation. You will hear directly from CRA’s Headquarters employee who has 34 years of experience in GST/HST Programs. The presentation will introduce and discuss the concept of self-assessment. We will explore certain types of events and transactions that can trigger self-assessment, and we will discuss how to properly account for the corresponding GST/HST in cases where the tax has not been initially charged.
LEARNING OBJECTIVES:
- Recognize self-assessment obligation
- Understand how to account for GST/HST
- Learn how to avoid GST/HST mistakes going forward
TOPICS INCLUDE:
- Real Property
- Importations
- Participating Provinces Provincial Component
- Reference Materials
WHO WILL BENEFIT:
This presentation is designed for any individuals who may be involved with their organization’s GST/HST. The information provided will help those responsible for the entity’s GST/HST taxes recognize when transactions do not include GST/HST, however which do require the entity to self report all applicable GST/HST on its own returns. We will review how to avoid potentially costly mistakes which could result in future non-compliance.
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.