GST/HST Capital Properties & Input Tax Credits (ITCs) for Charities & Non-Profits

Did you know there are different GST/HST rules for Capital Properties?

Did you know that you may be eligible for as much as 100% or as little as 0%?

Were you aware that entitlements and obligations can change over time?

If you would like to understand more about these issues, you should attend CRA’s GST/HST Presentation about Capital Properties and Input Tax Credits (ITCs). You will hear directly from CRA’s GST/HST Headquarters employee who has 30+ years 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 you better manage your organization’s GST/HST obligations and entitlements.

LEARNING OBJECTIVES:

• Recognize the key GST/HST issues for Capital Properties
• 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
• Acquisition rules
• Improvement rules
• Changes-in-use rules

WHO WILL BENEFIT:

This Presentation is designed for various Public Service Bodies including Charities and Non-profit Organizations. It is intended for all individuals who may be involved with the entity’s GST/HST. We will cover the Capital Property GST/HST rules, from initial purchase to various changes as they occur over time. You will hear about maximizing your GST/HST recoveries and how to avoid some of the common mistakes which can result in future non-compliance.

PRESENTER

Michael Monk, GST/HST and Digital Compliance Directorate, Canada Revenue Agency

Michael has been an employee of 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 also on CRA’s Employee Assistance Program Committee.

Michael Monk, GST/HST and Digital Compliance Directorate, Canada Revenue Agency

Michael has been an employee of 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 also on CRA’s Employee Assistance Program Committee.