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Harmonized Sales Tax (HST)

taxed at the GST rate and which are taxed at the HST rate. The supplier’s business number (BN) or an intermediary’s BN. The buyer’s name or trading name (this should…

HST

…territories*? e. Out of the country? a. Tax code ER for conferences attended in Ontario. b. Tax code EN for conferences attended in Prince Edward Island. c. Tax code EN…

Monetary Donations

…as Donations As a charitable organization under the Income Tax Act, the University may issue official charitable donation receipts which the donor/taxpayer may use to claim a non-refundable tax credit….

FAST Tips Newsletter

…the Fiscal Year? FIS Training April 2024 RECORDING of April Lunch n’ Learn & Previous Recordings Next Lunch & Learn – Exploring the University’s Tax Treatment and Tax Codes on…

FIS Glossary

…a research Deficit was transferred into the Target FC, the FC would be in an overdraft state. Tax codeTax category that identifies the applicable tax rate. TextLine item specific explanatory…

Gifts-in-Kind (Non-Monetary Donations)

…determine the ability and timing of a receipt being issued. Gifts-In-Kind NOT ELIGIBLE for tax receipt: The following Gifts-In-Kind do not qualify as charitable donations under the Income Tax Act:…

UTSC Business Officer – FIS Reference Page

…Policy on Various Tax Impacts (HR/Payroll, Purchases, Revenue/Recoveries) Tax Code Summary Table Picking the Correct Tax Code for Expense Reimbursements How do we handle the provincial sales tax for purchases…

Business Officer Resource Page – Financial Administration at the University

…Funds Center/Funds only get charged the after tax rebate amounts. Resources: GTFM Policy on Various Tax Impacts (HR/Payroll, Purchases, Revenue/Recoveries) Tax Code Summary Table Picking the Correct Tax Code for…

Employee versus Independent Contractor and Taxation of Payments (HRIS vs FIS)

…collect Harmonized Sales Tax (HST) in respect to those payments (see Payroll and the HST). Integral to determining the appropriate tax treatment is the determination of an individual’s relationship with…

FAST Monthly Lunch and Learn Sessions

…with tax treatment questions Presentation Slides Additional Resources GTFM Policy – Harmonized Sales Tax (HST) Articles – Taxation Tax Code Summary Table Resource – HST Tax Status Table for Sale…