GST-QST: Election Between Closely Related Parties – January 1, 2015 Is a Key Date

Provisions in the Excise Tax Act permit closely related entities to make a joint election to eliminate the obligation to collect and remit GST/HST on certain taxable supplies between them. Under the terms of this election, the supplies are deemed to be made for nil consideration and, accordingly, there are no taxes to remit.

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