Sales Tax Recovery

Fairtax has gained extensive experience from thousands of reviews for both public and private organizations. Our team of experts quantifies all refund opportunities with full documentary support for amounts identified, and provides improved systems and processes for your day-to-day operations.

Sales Tax Review

Fairtax has simplified the Sales Tax Review process. We pinpoint areas where you’re entitled to sales tax recovery by leveraging Fairtax’s proprietary data analysis tool. Uncover tax opportunities embedded in internal systemic issues, or discover unique tax opportunities related to your operations. The process minimizes your time and internal resources, and is launched with a simple download from your accounting software. The majority of the review is completed remotely with onsite visits as required. The results are documented in the 3 reports identified below:

Recovery Report

Receive a comprehensive report detailing your review results, including:

  • Invoice-by-invoice schedules of findings by type

  • Any requirements for recovering overpayments

  • Prepared refund claims for review, approval, and signature

  • A follow up with tax authorities on your company’s behalf

Liability Identification

Achieve Canadian sales tax compliance with our liability identification component. This collaborative process assists your staff in identifying and resolving exposure issues where necessary. It includes:

  • Identified areas of sales tax underpayment in your purchasing and A/P cycles

  • Prepared confidential written reports

Process Improvement Report

Understand ways to streamline your organization’s processes and gain sales tax knowledge, including:

  • An executive summary outlining every possible recovery

  • Analysis and discussion of any anomalies discovered during the review

  • Consultant recommendations to assist you in correcting any of the discovered anomalies

  • A list of operational challenges you face when processing Canadian sales tax, with the net objective of maximizing profitability of your finance, tax, A/P, and purchasing departments

Support Services

Research and Advisory Assistance

  • Access to our team of Senior Tax Specialists

  • A service-driven approach that connects our team with your file’s original audit consultant

  • A documented response with relevant government commentary

  • Advanced research and advisory assistance, available on a special project per diem basis

Tax Training

  • Basic GST, PST, QST, and HST information

  • Current issues affecting the Canadian tax landscape

  • Systemic structural software issues

  • In-house and web-based training on how to correct and implement changes identified in reports

Audit Management

  • Full audit management of your files

  • Assistance on audit issues

  • Dedicated and professional assistance (if audited by a Canadian tax authority)

  • Reduction on the number of final assessments

  • Advanced audit management on special project per diem basis

Special Projects

Fairtax has qualified professionals capable of assisting you in managing a variety of special projects, including but not limited to:

  • On-Call Advisory Services

  • Provincial Sales Tax Advisory

  • Audit Management/Coordination

  • Assessment Minimization/Audit Defense

  • Focused Liability Identification Reviews

  • Ruling Requests

  • Opinion Letters

  • Staff Augmentation

  • Revenue Stream and Product Tax Status Determination

  • Voluntary Disclosures

We offer these services to our clients at preferred, special project per diem rates. Please contact us directly for more information.

Optimized Sales Tax Recovery

Our team identifies areas in which your organization is eligible for sales tax recovery. Contact us today for more information.