Search results
In certain cases, you do not have to collect the GST/HST on a taxable sale of real property. Instead, the purchaser may have to pay the tax directly to the CRA. For more information, see Real property. You do not have to collect the GST/HST on a taxable supply of an emission allowance. Instead, the purchaser must pay the tax directly to the CRA.
May 12, 2022 · File a GST/HST return and remit the tax you collected. 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 ...
the day of the supply that made you exceed the $30,000 threshold in the quarter. You have to start charging the GST/HST on your date of registration, including on the sale that made you exceed the $30,000 threshold. Example 3 – Exceed the $30,000 threshold in two consecutive calendar quarters. On November 1, 2019, you opened a retail store.
Mandatory Registrations. All businesses and public service bodies (including charities and public institutions) which provide taxable goods and services (including zero-rated supplies) in Canada must register to collect GST or HST, unless they are a small supplier. This includes non-residents who are carrying on business in Canada.
Aug 3, 2023 · The process is quite simple and can be done completely online via the Business Registration Online (BRO) program. When you register, you’ll become a GST/HST registrant and receive a nine-digit business number. To inquire about your GST/HST number by phone, call the CRA at 1-800-959-5525.
- 1 min
HST, or harmonized sales tax, is a sales tax applied in certain provinces. It’s a combination, or “harmonization,” of the GST and the province’s provincial sales tax (PST). The HST application occurs in provinces that opted to combine their PST with the federal GST when it went into effect. The federal government desired an HST across ...
People also ask
What is GST & HST & why is it important?
Who is a GST/HST registrant?
How does GST/HST work in Canada?
Who charges GST/HST?
Does a supplier have to collect GST/HST?
How do I collect GST/HST?
Jun 22, 2023 · Collection and Remittance: Registered businesses are responsible for collecting the applicable GST/HST on their sales and remitting the collected amounts to the Canada Revenue Agency (CRA). Businesses must track and report their sales, along with the corresponding GST/HST amounts, on regular tax returns filed with the CRA.
