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You must let your customers know if the GST/HST is being applied to their purchases. You can use cash register receipts, invoices, contracts, or post signs at your place of business to inform your customers whether the GST/HST is included in the price, or added separately. You have to show the GST/HST rate that applies to the supply.
- What to Do With Collected Gst/Hst
the amount of GST/HST you collected; the amount of GST/HST...
- What to Do With Collected Gst/Hst
- Find out if you have to register for a GST/HST account
- Footnotes
You generally cannot register for a GST/HST account if you provide only exempt supplies .
You have to register for a GST/HST account if both situations apply:
•You are not a small supplier
•You make taxable sales, leases, or other supplies in Canada (unless your only taxable supplies are of real property sold other than in the course of a business)
If you are a selected listed financial institution that is making a reporting entity, consolidated filing or tax adjustment transfer election, see GST/HST Notice 265, GST/HST Registration for Listed Financial Institutions (including Selected Listed Financial Institutions).
Use the following sections to determine if you are a small supplier to find out if you have to register.
Footnote 1
Vehicle registration
Generally, the supply of the registration for the specified motor vehicle would be considered to be made in a particular province if both of the following apply:
•The recipient or someone on their behalf registers the vehicle (other than temporarily) under the laws of the particular province within seven days after the day the vehicle is delivered or made available to the recipient or someone acting on their behalf
•The supplier has satisfactory proof of that registration
Documents the supplier must keep
May 12, 2022 · At the end of each reporting period, GST/HST registrants must: complete and file a GST/HST Return. remit (pay) the net amount of GST/HST. Generally, registrants must file a return even if they don’t have any business transactions or net tax to remit. There are exceptions to this rule; filing deadlines depend on the registrants’ filing period.
Aug 24, 2024 · If you are trying to figure out what to do with your unpaid HST/GST, it is best to contact a bookkeeper or accountant, immediately. Paperless Books can answer all your questions regarding HST/GST registration, collection, filing and payments. Book a free 1 hour consultation below:
- Kwame Adjei
Aug 3, 2023 · Although it’s not required to charge GST/HST on sales, ITCs can be claimed. If you have to spend a lot of money upfront to get your business running. This is because the ITCs on the first few returns would provide a refund of GST/HST paid; that extra cash could help the business grow a little faster. 4 steps to collecting and filing a GST/HST ...
- 1 min
May 3, 2012 · The Excise Tax Act of Canada specifies that every recipient of taxable goods or services must pay GST/HST. It further goes on to say that every vendor has a responsibility to collect that GST/HST. Most importantly, the Excise Tax Act makes allowances so that the vendor can initiate a court action against you to recover the GST/HST as though it ...
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Jun 17, 2022 · A proper invoice must be comprehensive, easy to understand and comply with the Canada Revenue Agency (CRA) requirements. For most people, a CRA-compliant invoice will charge Harmonized Sales Tax or Goods and Services Tax (HST/GST) on applicable goods and services. The invoice will also be necessary when it comes time to file your taxes.
