Hello, new here.
Anyone familiar with Carbon Quotas Trading on the Canadian Market?
My question is simply does the Federal & Provincial taxes are applied ?
Let's say Company A in Ontario sell $1M worth of Carbon quotas to Company B in Qc, this means in the billing it should be $1M + 15% (GST/PST) = $1 150 000.
The additional $150k of taxes could it be declared manually and paid to the gov later ? or there is any time deadline for it to be declared?
If I'm not clear DM me.
Anyone familiar with Carbon Quotas Trading on the Canadian Market?
My question is simply does the Federal & Provincial taxes are applied ?
Let's say Company A in Ontario sell $1M worth of Carbon quotas to Company B in Qc, this means in the billing it should be $1M + 15% (GST/PST) = $1 150 000.
The additional $150k of taxes could it be declared manually and paid to the gov later ? or there is any time deadline for it to be declared?
If I'm not clear DM me.
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