taxes

High Currency

Now that the Canadian dollar is stronger at around 80 cents against the greenback I’d say this is the time to take advantage of sales in the states, like those at Amazon.com, American Musical Supply, Arkiv Music, Guitar Center, Music & Arts, Musician’s Friend and Sheet Music Plus.

Please note that most shipments valued at less than CAD$20 are exempt from duties and taxes. Click here for details on this exemption.

Warning – Gift Card Scam

The Canada Revenue Agency does not accept or solicit iTunes gift cards as payment.

Apparently the scammers now ask for payments using iTunes gift cards, that they resell online using legitimate services.

If you receive a call instructing you to pay back taxes in gift cards, bitcoin, prepaid credit cards or prepaid debit cards, hang up and call 1-888-495-8501 from 8:30 a.m. to 5:00 p.m. Eastern time, Monday to Friday.

Excellent News For Music Fans

I have just received word that the “Tour Tax”, a prohibitive fee that international artists were subjected to when performing in Canada, has been scrapped.

This counterproductive fee kept newer artists out of Canada, especially independent and unsigned artists, and has caused many clubs to stop featuring live acts altogether. 

Over 143,000 signatures had been registered on a change.org petition promoted on this blog in 2013, which was presented to Jason Kenney, Canada’s Minister for Multiculturalism.

Changes in Retail Sales Taxes in BC and PEI

Effective today, residents of Prince Edward Island will be subject to a Harmonized Sales Tax of 14% on most services and products whilst British Columbia Residents will be subject to a Goods and Services Tax of 5%, which will be replacing the Harmonized Sales Tax of 12% in BC.

In British Columbia there will be a decrease in taxes on books (audio, electronic, bound and printed), basic cable services, concert tickets, music lessons and movie tickets but a combined tax of 12% (5% GST + 7% PST) will remain on most products and services. Individually purchased magazines will be subject to less taxes in this province.

In Prince Edward Island there will be decreases in retail sales taxes on CDs, DVDs, Blu-Rays, MP3 players, DVD and Blu-Ray players, radios, stereos, televisions, movie tickets, basic cable subscriptions and individual magazine purchases. Audio Books and Books will still be subject to the GST at 5% in this province whilst music lessons will be exempt.

For additional information please consult the following documents :

chapters.indigo.ca