What is the GST/HST on the purchase of a golf membership?
The memberships are acquired exclusively for purposes of selling them to clients in the ordinary course of the registrant's business of selling such memberships. The GST/HST registrant is entitled to claim an ITC of $500, provided all other ITC requirements are satisfied. A GST/HST registrant purchases a golf club membership.
What is the HST on my utility bill?
Your utility bill for the building that is used for both commercial and exempt activities includes $80 HST.
What if I paid the provincial part of the HST?
If you paid the provincial part of the HST for a vehicle or aircraft after you brought it into a participating province from a non-participating province or imported it into Canada for business purposes Financial institutions must use 100% of an expense in commercial activities before they can claim a full ITC.
How do I determine my HST ITC?
You determine your ITC annually using the following calculations: If you paid the provincial part of the HST for a vehicle or aircraft after you brought it into a participating province from another participating province with a lower HST rate. CCA x 1/101, into Nova Scotia, New Brunswick, or Newfoundland and Labrador from Prince Edward Island
What is the best material for golf club heads?
Golf club heads can be made from many materials. Zinc and Aluminum alloys are primarily used in beginners sets and putters. HST Aluminum is a much harder aluminum and is popular in very large drivers. 431 and 17-4ph stainless steel is commonly used in professional quality iron heads. You will also find 17-4 stainless steel in some wood heads.
What are the most important parts of a golf club?
Grips are the least expensive yet one of the most important parts of a golf club. Our most important advice is — change your golf grips often. Grips tend to oxidize, harden, get slick, and lose their grip over time. It is a two edged sword — the grips with the best grip are usually the grips that lose their grip the fastest.
Is graphite shaft better than steel shaft?
Graphite shafts allow for longer clubs — this is good for distance (but maybe not quite so good for control). Graphite shafts have greater construction alternatives so that they can be designed to affect the flight of the ball to a greater degree than steel shafts.
Does Pinemeadow Golf carry titanium?
Pinemeadow Golf carries a wide assortment of titanium woods. Do not confuse Ti- Alloy with Titanium. Ti-Alloy products are Aluminum products with trace elements of Titanium that attempt to take advantage of the Titanium name. Ti-Alloy products are among the least expensive and are meant for beginners and junior golfers.
Is a golf head maker the same as another golf club?
Generally, if a club is made from the same materials, using the same shapes, with the same weight distributions and overall weight, it should perform the same as another club similarly constructed.
Is the shaft the same as the head of a golf club?
In our opinion, the shaft is as important as the head of a golf club. In fact, we often find greater performance differences in using different graphite shafts with the same head than we do using different heads (provided the heads are made from the same materials) with the same shaft.
What is the slope rating on a golf scorecard?
The course rating is the expected score of a scratch golfer playing a round of golf on a course. The slope rating is the expected score of a bogey golfer relative to the course rating, with 113 serving as the standard slope rating.
What is handicap in golf?
The golf handicap system was developed as a method of measuring the talent level of golfers, using scores in multiple rounds weighted against the relative difficulty of the courses being played. Using handicaps, golfers can compete against players of differing skills and abilities.
What is Harmonized Sales Tax?
Canadian Harmonized Sales Tax (HST) is a goods and services tax present in certain provinces of Canada. The HST is a combination of the General Sales Tax (GST) and the Provincial Sales Tax (PST). It occurs in provinces that opted to combine the PST and the GST when the tax was first introduced.
How Does the HST Apply to Canadian Businesses?
Canadian businesses in provinces that collect HST are responsible for charging and collecting it. They then are required to remit the HST collected to the Canada Revenue Agency. This only has to happen in the Canadian provinces that established HST with the Canadian government.
Key Takeaways
If you’re running a business in the 5 provinces that collect HST, your responsibilities are streamlined. You only have to collect one sales tax rather than two. The brunt of the work is taken care of for you by the Canada Revenue Agency. HST is pretty advantageous for most businesses.
What is a Golf Handicap?
Ok, let’s get straight down to business. As an amateur player, a golf handicap allows you to play golf against any other player, any skill level, on any course, and have a reasonable chance of competing against each other.
Why Does the Handicap System Exist?
Ok, while a handicap is an indicator of how ‘good’ a golfer is, it wasn’t designed to be used purely as a tool to measure excellence.
How to Get a Golf Handicap
If you are brand new to the game, don’t worry about getting a golf handicap just yet. Just work on your technique and enjoy your game. There’s nothing that kills enthusiasm more than putting pressure on yourself.
How to Calculate Golf Handicap (as of 2020 onwards)
As of 2020, the rules and formula regarding how handicaps were calculated changed slightly along with the introduction of the World Handicap System (WHS). The good news is that this system has already been adopted by the USGA!
Golf Handicap FAQ
A ‘playing handicap’ is a variable total number of strokes you are allowed on a specific course on a specific day, say for a competition or in match play. The playing handicap is based on a percentage of your course handicap. It is devised by multiplying your course handicap by an ‘allowance’.
Final Thoughts
When it comes to golf handicaps, there is quite a lot to think about. The rules have changed recently to make them much more standard across the world.
Determine the ITC eligibility percentage (does not include reimbursements or allowances)
The following sections provide details on the ITC eligibility percentage for different type of expenses:
Determine the ITC eligibility percentage for reimbursements or allowances to an employee, partner, or volunteer
You may be eligible to claim an ITC in respect of an amount reimbursed or an allowance paid to employees, partners, or volunteers for the acquisition of property or services for use related to your commercial activities.
What is the shaft of a golf club?
Many consider the golf shaft the "engine of the club". Golf shafts are either made from graphite or steel. Both types have its benefits and disadvantages. Either way, the golf shaft is where power is stored and released at impact. Sitting in between the golf grip and club head, a solid connection is what allows the golf shaft to do its job.
What is shaft flex?
Shaft flex is a description of how much a shaft will bend under the force of a golf swing with a head attached at the tip end. The speed and frequency of your swing will determine what flex you need. There are generally 5 different flex notations (from most bendable to least bendable): A-flex (Senior), L-flex (Ladies), R-flex (Regular), ...
What happens if you swing too heavy?
If the overall club is too heavy, you can lose swing speed which can result in a loss of yardage. Too light of a club will be hard to guide and control which can lead to mishits. Players with faster swing speeds or more accelerated tempos can benefit from heavier shafts.
