ACC406 - Commodity Tax - GST/HST

Outline info
Last revision date 2018-07-20 11:23:18.624
Last review date 2018-07-20 11:23:29.125

Subject Title
Commodity Tax - GST/HST

Subject Description
The purpose of this course is to provide accounting students, and self-employed individuals with a good working knowledge of GST/HST including the completion of GST/HST returns.

Credit Status
One credit

Learning Outcomes
Upon successful completion of this subject the student will be able to:

Upon successful completion of this course, students will be able to:

1. Identify the business activities to which GST/HST applies.

2.Determine when a business should or should not register for GST/HST and the advantages of registration.

3. Demonstrate an understanding of the various classifications applied to businesses.

4. Discuss the tax treatment of business activities including items such as gift certificates, promotional allowances, bad debts.

5. Apply the relevant rules in administration of GST/HST for Ontario businesses.

6. Calculate input tax credits (ITCs), and GST/HST payable or refundable.

7. Prepare GST/HST returns for Ontario businesses.

8. Demonstrate an understanding of the filing requirements and the assessments, objections and appeals process.

9. Discuss the impact of GST/HST on employee and shareholder expenses and benefits.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on for further information regarding cheating and plagiarism policies and procedures.

All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.


Topic Outline

  • Introduction to GST/HST
  • Registration process
  • Tax treatment of business activities
  • Input tax credits, GST/HST payable and refundable
  • Preparation of tax returns
  • Filing requirements, assessments, objections and appeals
  • Employee and shareholder expenses and benefits

Mode of Instruction
A combination of teaching methods will be utilized which may include lectures, case studies, discussions, group and individual work.

Prescribed Texts
Ey's Complete Guide to GST/HST 2016
24th Edition
Distributor: CPA Canada
ISBN: 9781525400094

Reference Material

Required Supplies

Promotion Policy

Grading Policy
A+ 90%  to  100%
A 80%  to  89%
B+ 75%  to  79%
B 70%  to  74%
C+ 65%  to  69%
C 60%  to  64%
D+ 55%  to  59%
D 50%  to  54%
F 0%    to  49% (Not a Pass)
EXC Excellent
SAT Satisfactory
UNSAT Unsatisfactory

For further information, see a copy of the Academic Policy, available online ( or at Seneca's Registrar's Offices.

Modes of Evaluation
Assignments are due on the dates specified. Should extenuating circumstances arise, please contact your instructor prior to the assignment due date so that an appropriate course of action can be established. Late assignments may be subject to a penalty of up to 10% per week and will not generally be accepted beyond two weeks from the due date.

In cases of cheating or plagiarism, the College Academic Policy will prevail. Please ensure that all assignments and reports are properly documented.

Students are referred to the following website for Seneca College Library style guides, Academic Honesty Policy and Copyright guidelines:


Dates for evaluations are specified in the weekly schedule addendum to this outline. The evaluation process may include, but is not limited to, tests, exams, assignments or presentations. Any absences or missed submissions due to medical or other reasons must be supported by medical or other appropriate documentation within one (1) week of the due date. The faculty and program area must be notified immediately in the event of a missed evaluation. Upon acceptance of the documentation, the weighting of the missed deliverable will normally be applied to the final exam.

English Competency

The ability to communicate effectively is essential for success in business. Therefore, you must demonstrate English competency in this subject in both oral and written work. Ensure your written work includes correct sentence structure, spelling and punctuation. Always spell check, edit and proofread your work.

Grading is based on the following marking scheme:


Term Test 1 40%
Comprehensive Problem 20%
Final Exam 40%

Approved by: Chair - Business Studies Danielle Mercier