Web24 nov. 2011 · Generally speaking, GST/HST is collectible on livestock sales that are not used for human consumption, including commodities such as horses, dogs, cats, mink and other fur-bearing animals. Some animals, such as rabbits, can either be raised for meat or as pets. If raised for meat, the commodity is zero-rated, while the sale of pets is taxable. WebIn the scenario above, it is the custom operator’s responsibility to ensure the correct amount of GST/HST is charged on the invoice and remitted to the CRA on the appropriate GST/HST returns. Two strategies in particular can help distinguish between a single supply and a multiple supply:

Agriculture – Farming BDO Canada

WebGST/HST collected on revenue. • There may also be an issue with respect to the required entity‘s eligibility for input tax credits for GST/HST paid, whether because the entity was not registered when the tax was incurred or because the time to claim the input tax credit has lapsed. • The person who has incorrectly reported the GST/HST can be WebHST Exemptions. The HST will not be applied on the sale of farmland if it fits into one of the following exemptions: Sale or Transfer to a Related Person or Former Spouse or … small business northern virginia

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Web7 jun. 2024 · Ontario, unlike most provinces, does not have any restrictions on the ownership of farmland by foreign (non-Canadian) investors. However, there may be local by-laws or zoning restrictions that will limit what you can do with a particular piece of farmland. If the land you are interested in purchasing is located in a designated Prime ... Web21 mrt. 2014 · The main component of the HST payable would be on farmland. Generally, HST would apply on the sale of farmland by a farmer. There is an exemption available … small business nonprofit organizations