Q: Should I keep my GST/HST number even though I earn well below the $30,000 threshold? I registered for the GST/HST for self employment back when I was a full time performer. But have now I only do a few voice over gigs a year. I’m tired of the extra GST/HST filing, but I worry [...]
If you have a completed GST-HST worksheet you can easily file your GST-HST return, either by using the figures on the Worksheet and transfering them to a return, or by signing and dating the worksheet itself and mailing it to the Canada Revenue Agency. (If you're not sure what a GST-HST worksheet looks like, [...]
Changes to Canadian tax law As of June 20, 2024, psychotherapy/counselling therapy services rendered by psychotherapists and counselling therapists are exempt from the GST/HST. Medical services have always been exempt from GST/HST, and the scope of what falls under the umbrella of exempt health-related services has been expanding. The latest inductee: psychotherapy. What does the [...]
It's simple to get a GST or HST number in Canada. You can do it over the phone, or you can do it online if you're registered for CRA's online My Business service. But no matter how you register, CRA is going to require you to provide some information and make decisions up front. You [...]
Q: I’m a plumber earning less than $30,000 per year. In order to bid on jobs I found I needed to have a GST-HST number, so I registered two years ago. But since then, I haven’t earned over $30,000 per year. Do I still have to charge GST-HST? Do I have to file returns? A: [...]
Q: Since I registered for the GST-HST I have still not earned over $30,000, so I haven’t charged GST-HST. Now the Canada Revenue Agency (CRA) has sent me a GST bill saying I owe them thousands of dollars in GST-HST, even though I haven’t earned enough income and I haven’t been charging GST-HST on what [...]
You may be aware that if your self-employment earnings are less than $30,000 in four consecutive calendar quarters (i.e., in a year’s time) you don’t have to register for the GST or HST. However there are some situations where you might choose to register, even if you don’t have to. Registering for the GST-HST because [...]
If you've registered to collect the goods and services or harmonized sales tax (GST-HST) in Canada, you may have come across the term input tax credit or its acronym, ITC, and wondered what it's all about. To understand input tax credits (ITCs) you need to understand the basics of the GST-HST system, which are simply: [...]
Get the GST Remover here. Becoming a GST-HST registrant adds an extra layer of complexity to your taxes when you're running a business in Canada. One of the up sides, however, is the ability to claim back from the Canada Revenue Agency (CRA) any GST or HST you spend on your business. GST/HST [...]
When you are registered to collect GST or HST and make a sale of goods or services to payer in another province, you must charge the rate of GST or HST according to the rate in the payer's province. For example, if you are a vendor based in Ontario and registered to collect HST, [...]
