Retail

In Canada, the retail industry has been hit hard in the past couple of years due to the recessionary conditions resulting from the global credit crisis. There has been a downshift in growth due to lower sales of new motor vehicles plus higher gasoline prices. Fortunately in recently months this downward trend has stopped and sales are on the upswing rising thanks to the government bailout in the auto industry.  Retailers affected by the latest economic turbulence are faced with the challenge of identifying ways to counter any future downward consumer spending trends. TMS consultants, experienced in the retail environment, have identified tax recovery opportunities applicable to retailers in this difficult retail environment.