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If the supply is made in a participating province, you must charge the HST that applies for that province. If the supply is made in a non-participating province, you must charge the GST of 5%. For the tax rate of each province, see GST/HST calculator (and rates). Use the following sections to find out which place of supply rules apply to your ...
2 days ago · How to report self-employment income. Instead of the standard T4 tax form you get from an employer, you’ll need to report your self-employment income on a T2125 form when you file your taxes ...
Jun 30, 2021 · Once you have registered for the GST/HST, you are required to begin charging and collecting the tax on the taxable supplies that you make in Canada. You may have different obligations depending on your type of business: Cross-border digital products and services. Supply of qualifying goods in Canada. Platform-based short-term accommodation.
Apr 19, 2021 · New rules for digital economy businesses are in effect as of July 1, 2021. As of July 1, 2021, digital economy businesses, including digital platform operators, may have potential goods and services tax/harmonized sales tax (GST/HST) obligations under three measures that were announced in the Fall Economic Statement 2020 by the Government of ...
Jul 7, 2022 · The tax rate to be charged depends on the location of the customer: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Québec, Saskatchewan, and Yukon; 13% (HST) in Ontario; and. 15% (HST) in New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
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Feb 13, 2024 · Stephen will need to charge an additional 5% in GST ($5.00) and 9.975% in QST ($9.98) for a total of $114.98 to his Québec customer. From this transaction he should report $100 in sales, and $14.98 in total sales tax collected on his next sales tax return, based on the 2023 tax rates. If you’re unsure of whether you’ll clear the $30K mark ...
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Oct 12, 2022 · GST and HST are the same value-added tax, with GST referring to tax at a 5% rate in non-harmonized jurisdictions, and HST referring to tax at higher harmonized tax rates that include a provincial component. HST rates are currently 13% for sales to Ontario and 15% for sales to Nova Scotia, New Brunswick, Prince Edward Island, and Newfoundland ...
