Canadian Sales Tax Recovery/Reclamation

Overpaid GST / HST / VAT?

We’ll flow those resources back to your business

Companies are continuously seeking effective ways to cut costs and manage cash. Accurate recovery and payment of commodity taxes, VAT /GST /HST QST/PST, is a stream that directly impacts cash resources and cashflow. 84% of companies overpay sales tax.

Whilst companies are generally prudent, and ensure commodity taxes collected on revenues are paid in a timely manner, they often don’t have the resources available to ensure the accuracy and timeliness of recovery of taxes paid. These can be as high as 15% in Canada.

Canada and the provinces impose commodity taxes on the sale of goods and provision of services, rent, and the importation of goods and services. Commodity taxes paid by business enterprises on their purchases are refundable within a defined period of time.

“RightTaxReview”

​Our 23 – point  RighTaxReview  is designed to evaluates whether  all available commodity tax credits and refund opportunities have been captured by clients. Those that have not been are identified, analyzed and validated, for clients to turn them into immediate cashflow.

Our skilled professionals then offer guidance and recommendations to prevent future errors and inefficiencies.

RighTaxReview  is  tailored to each client’s operations, ensuring nuances specific to the client are addressed. We don’t believe the  “one-size-fits-all” approach can address our clients’ unique processes and circumstances.

​The review includes a review and assessment of all procedures and processes that affect commodity tax related transactions. Potential overpayments or underrecoveries of commodity tax are investigated and validated with supporting evidence and legislation. We provide detailed itemized schedules together with supporting evidence as well as legislative where necessary, of our findings. We prepare and submit claims on our clients behalf, and pursue credit and refund opportunities with the relevant tax authorities. In addition, we provide a discreet report to clients highlighting any potential commodity tax exposure areas identified in the review.

​At the conclusion of the review clients are provided with a report identifying where and how errors and issues occurred. We provide guidance as to how to prevent and detect any future errors  similar in nature to the ones identified in the review. Our trained professionals provide training to client staff if required.

2nd OPINION?

We provide  wide-ranging reviews of your Accounts Payable system.  Our approach, utilizing our custom software, identifies duplicate or erroneous payments, un-utilized credits and assesses compliance with vendor rebate and discount agreements.   Our team provides meaningful SWOT analyses of your system.

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