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GST in Canada: How It Works and What Businesses Should Know

Understanding the Goods and Services Tax (GST) in Canada is crucial for any business operating in this environment. This article will provide a comprehensive overview of GST, who needs to register, its implications for goods and services, compliance steps, and everything else you should know to navigate this indirect tax smoothly. What is GST in Canada? The Goods and Services Tax (GST) is a value-added tax that applies to most goods and services sold in Canada. This tax was i

Tax and Financial Advisory

16 hours ago9 min read

Understand the essential role of GST numbers and importers of record for legally selling in Canada. Expert help is available from ASC Consulting.

Navigating GST and Importer of Record in Canada

Understand the essential role of GST numbers and importers of record for legally selling in Canada. Expert help is available from ASC Consulting.

Tax and Financial Advisory

Jan 209 min read

FATF Black and Grey Lists: What They Mean for Global Business

Understanding the FATF black and grey lists is essential for any business operating internationally. These lists identify countries with varying degrees of risk concerning financial crime, particularly related to anti-money laundering (AML) and counter-terrorist financing (CFT) regimes. Here’s what you need to know. What are FATF Black and Grey Lists? The FATF black and grey lists are classifications used by the Financial Action Task Force (FATF) to help manage risks relate

Tax and Financial Advisory

Jan 135 min read

Operate abroad: company setup, vat registration, or client import

Navigating international markets can be a tricky endeavor. Whether you're a small business taking your first steps abroad or a large corporation looking to expand your footprint, understanding the various operate abroad VAT options is critical. This article will break down your choices for operating in a foreign country where your company doesn’t have a physical presence, including setting up a local entity, registering for VAT through a fiscal representative, or letting the

Jan 610 min read

How to source products in asia: practical guide for businesses

Sourcing products in Asia has become a go-to strategy for businesses wanting to tap into the region's vast manufacturing capabilities and competitive pricing. However, navigating this complex landscape can be a daunting task. This guide aims to simplify the process, providing actionable steps to help you successfully source products in Asia. Understanding the Basics: What is Sourcing Products in Asia? Sourcing products in Asia essentially means finding and purchasing goods fr

Dec 30, 20258 min read

Understanding Incoterms 2025, A Quick Guide for Beginners

Navigating the world of international trade can seem daunting, especially if you’re new to the game. One critical aspect of global shipping is knowing the terms that govern responsibilities and costs. Enter Incoterms 2025. This updated guide aims to break it all down for you, keeping things simple and straightforward. What Are Incoterms? Incoterms, short for International Commercial Terms, are a set of standardized rules created by the International Chamber of Commerce (ICC)

Entry and Distribution

Nov 25, 202510 min read

Understanding Trading Companies: Your Key to Global Trade Success

Introduction to Trading Companies A trading company is a business that specializes in facilitating the import and export of goods between countries. Think of them as middlemen who help bridge the gap between suppliers and consumers across borders. Their role in global trade is crucial; they streamline processes, navigate complex regulations, and provide expertise that simplifies the trading journey. In this article, we’ll unpack the various functions and benefits of trading c

Nov 18, 20259 min read

Developing a global business strategy: key insights

Expand your business from Hong Kong with key strategies, local insights, and expert support to navigate global markets with ASC Consulting.

Tax and Financial Advisory

Oct 21, 20254 min read

Common legal mistakes in international business

Avoid common legal mistakes in international business. Learn how startups can secure compliance and mitigate risks with expert guidance from ASC Consulting.

Tax and Financial Advisory

Oct 14, 20255 min read