Tax Updates: new GST/HST regulations for digital economy businesses

A man with laptop and visa credit card paying for digital services

Revenue Canada has introduced new GST/HST regulations for digital economy businesses as of July 1, 2021. Digital business such as music or video streaming services or mobile apps have not been previously required to charge Canada’s sales tax when making sales in Canada. It has now changed, and Canadians might have already noticed GST/HST charges […]

Residency requirement for directors of Ontario corporations has been removed

Overview Effective July 5, 2021, businesses incorporated under Ontario’s Business Corporations Act (OBCA) will no longer be required to have at least 25% of directors to be resident Canadians. Prior to that, the OBCA required that at least one forth of the directors of an Ontario corporation be residents of Canada, or where there were […]