2016-12-21 00:00:00Finance and AccountingEnglishReceive a rebate for GST and HST paid on eligible purchases through the Canadian Foreign Convention and Tour Incentive Program.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Small-Business-Owner-Calculates-FCTIP-Rebate.jpghttps://quickbooks.intuit.com/ca/resources/finance-accounting/small-business-terms-what-is-the-foreign-convention-and-tour-incentive-program/Small Business Terms: What Is the Foreign Convention and Tour Incentive Program?

Small Business Terms: What Is the Foreign Convention and Tour Incentive Program?

0 min read

The Foreign Convention and Tour Incentive Program (FCTIP) allows Canadian non-residents to receive a rebate for 50% to 100% of the goods and service tax (GST) or harmonized sales tax (HST) for certain purchases that they make while visiting Canada for tourism purposes. Additionally, exhibitors, organizers, and sponsors of foreign conventions are eligible to receive the same rebate, as are non-resident tour operators who sell eligible tour or camping packages to non-resident individuals. Business owners who are eligible for the FCTIP rebate can apply by contacting the Canada Revenue Agency with proof of taxes paid on the applicable goods, services, or properties, or they may apply with a third-party acting as power of attorney on their behalf.

References & Resources

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Choosing Invoice Payment Terms

The payment terms on your invoices influence how quickly you get paid,…

Read more

Write Terms of Use & Privacy Policies that Work for your Website

It’s not a coincidence that nearly every website has a link in…

Read more

The Difference Between Net 30 and 2/10 Net 30

The payment terms on an invoice tell your clients when they’re expected…

Read more