One reconciliation removed, one return added
Alberta
Alberta takes an entire reconciliation out of the month and puts an entire return into the year. The work moves off the close and onto the year end and the instalment calendar.
What changes here
03Where your people are
The same close, in a different set of obligations.
Nothing about how this firm runs a close changes with geography. The calendar is the same calendar and the reconciliation binder has the same index. What changes, and changes substantially, is what your own finance function has to file, remit and register for, because that is set province by province.
These pages are about that difference. Each one names the registrations and returns a company picks up by having people or an entity in that place, and where each of them lands in the month. They are written by Khaled Hawari, who runs the closes they come out of.
Sales tax that stops in your accounts
British Columbia
The provincial tax here does not flow through the way the federal one does. It stops in your accounts, and where it stops decides what your margins are telling you.
What changes here
Employer costs nobody withholds
Ontario
Nothing here is deducted from an employee. These are employer costs with their own registrations, their own returns, and their own habit of arriving in a lump.
What changes here
A second revenue authority, end to end
Quebec
A company with an establishment in Quebec does not file a provincial variation of a federal return. It files with a second revenue authority, on its own forms, on its own remittance stream, all year.
What changes here
One return, and a rate the customer decides
Atlantic Canada
Harmonisation removes the second return and moves the difficulty upstream. What has to be right here is the invoice, and it has to be right at the moment it is issued.
What changes here
The tax follows what you bought
Saskatchewan and Manitoba
In both provinces the obligation follows purchases as well as sales, which means the tax decision belongs in the approval step rather than in the return.
What changes here
Where the obligations stop composing
More than one province
A second province does not add a line to the close. It adds a parallel set of registrations, remittances and determinations that nobody has been given as a job.
What changes here
NoteWhere the firm actually is
KNA Group works from Ottawa and has no office, no staff and no phone line anywhere else. These pages are not a claim to be local to you. They describe what changes in a finance function when a company has people or an entity in a place, and the work is delivered remotely inside the ledger, bank and tools the company already uses.
Tell us where your people are.
A company with an entity in one province and employees in two has a different close from a company with everything in one place. Describe the footprint and we will tell you which parts of it the close has to carry.