In the general scheme of a value added tax such as Canada's Goods and Services Tax (GST), the tax incurred on the costs of making taxable supplies is fully recoverable, but tax incurred on any costs related to the making of an exempt supply is borne by the recipient. What should one do though, in the case of the peculiar bundle of costs related to management and administration of the varied population of pension funds that exist to serve the retirement needs of employees?
The following In Print publication discusses the impact of the GST on pension funds for organizations in the private and public sector. The paper’s author PwC Indirect Tax leader Mike Firth won the 2009 Normand Guérin Award for the document and his accompanying 2008 CICA Commodity Tax Symposium presentation. Download the award-winning publication below.