Knowledge

Commodity Taxes

GST / HST Taxes

Federal taxes are applied to most transactions. The challenge is that each region in Canada captures these taxes differently. This adds uncertainty and complexity when companies are trying to identify and reclaim overpaid taxes. The result is that companies fail to take advantage of all eligible tax exemptions or credits, unnecessarily leaving their money with the Federal government. Impact 360 recovers these funds on your behalf.

PST / QST / State Taxes

Legal precedents derived from court based rulings change allowable tax credits on a regular basis. The dissemination of these changes into the public domain can take several years. Without access to this information many companies are unable to take advantage of these favorable legislative changes and rulings. Remaining current and identifying these ever-changing areas is our specialty. Let the experts at Impact 360 maximize your claims and recover significant amounts of tax over-payments for you.

Employer Health Tax (EHT) / Payroll Tax

Employer Health Tax (EHT) is paid by employers who have annual remuneration paid to employees or former employees. Keeping updated on changes to the program, being aware of challenges related to changes in your employees' status, and keeping abreast of all exemption opportunities is a complex and time consuming undertaking for most companies.

Unless firms have internal subject matter expertise and monitor the EHT program regularly, Ontario firms frequently overpay EHT and miss entitlements. With a review of the application of EHT to your payroll, Impact 360 specialists identify errors and recover over-payments.

Duty Taxes

The range of duty classifications and the seemingly arbitrary means by which duty taxes are assessed, creates additional complexity and cost for Canadian companies. The same goods imported at different times of the year or at different ports of entry are often assessed with different rates of tax.

The Reality

If your company's unable to keep up with the required monitoring and management of these taxes you leave yourself open to unnecessary costs.

At Impact 360, our tenured and experienced team of Duty Tax Specialists levels the playing field for you. We identify and capture any duty or duty drawback overpayments or credits that are owed to you and we put them where they belong, back on your bottom line.

We understand that there are enough challenges in your core business to keep your focus, with little extra time or resources to monitor and effectively pursue these incentives. However, at the same time the risk of missing these opportunities can be significant and detrimental to your competitive position - especially when you understand that your business rivals are successfully utilizing them, to their advantage.

Grants

Researching every opportunity for profit recovery is what successful companies need to do. Government grants are an important component of an overall profit recovery strategy - one that is there to be leveraged.

Don't risk your advantage by underutilizing or overlooking grant and funding potential.