Description of the Requirement:
TC requires the services of a professional accredited contractor to provide expert services and advice on accounting and tax standards on existing regulatory frameworks to assess various tax treatments currently in force at TC. Specifically, TC is looking for an expert to: 1) review policy and standards; validate and determine the appropriate treatment; 2) develop and evaluate options and recommendations to ensure equitable treatment across the services offered by the various transportation modes or programs within the department (aviation, marine, rail, transportation of dangerous goods, etc); 3) assess the implications of the Excise Tax Act and other applicable tax legislations as part of the longer term Fee Modernization (cost recovery) initiative currently underway.
The main objective is for contractor to perform an analysis on the current state of fee charges as they relate to goods and services currently being offered and performed by TC as well as to provide TC (represented by Financial Policy and Systems area and the Cost Recovery Team) with expert advice on the application of GST, HST and PST/QST legislation in regard to the tax status (such as taxable, zero rated, exempt, not a taxable transaction (i.e. not a supply)) of both the goods and services that TC sells and its customers.
In addition, TC is seeking, on an ‘as and when required’ basis, the services of a professional accredited consultant with financial accounting experience and GST, HST and PST/QST commodity and excise tax knowledge to:
- Provide advice on the tax status (such as taxable, zero rated, exempt, not a taxable transaction) of new services and customers as they are created.
- Provide advice on tax status on existing services and customers, if the tax status is challenged.
- Provide advice on the effect of changes in GST, HST and PST/QST legislation to the tax status of existing services and customers.
- Provide the rationale for TC’s application of GST, HST and PST/QST legislation in response to queries from auditors and customers as required.
