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COMMODITY
TAX
Definition
- Levied on property and
services
- Refers to Sales Tax, HST/GST
- Indirect taxes
- All paid at the time of
purchase and can be hidden in the purchase price
Recovery
- Vast majority of entities
are unaware they overpay commodity taxes.
- Overpayments occur:
- inside the system, re
clerical errors, mis-interpretation, etc.
- outside the system;
may occur because of changes in Government policies, procedures,
administration, tax interpretation, court decisions, new issues
and rulings.
The latter is where many recoveries occur and where CTC excels
in up to date knowledge and expertise.
Results
- On average, 85%-90% of
our clients realize CTC commodity tax recoveries/rebates/refunds.
- The remaining percentage
of clients lose nothing, no recovery, no fee, but they have reassurance
and access to future commodity tax dialogue.
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