https://youtu.be/zwvpLIMEVr0 Registering for the GST/HST before you have to can be an advantage We know you probably don't feel like registering for a GST/HST number until you absolutely have to, and we even know why. Who wants the extra hassle if you can (legally) avoid it? What you may not have considered is [...]
©iStock/stockstudioX Okay. I may have oversold that last tip, since clearly this explanation of GST/HST is longer than one sentence. But hopefully it’s still making sense, which is more than we can say for most things in this world. If you’re still with me, read on…I promise it won’t hurt a bit. [...]
©iStock/paprikaa Here, for the first time on any stage, the amazing stunt of explaining the entire system of GST-HST in Canada in a single sentence! As I answer clients' questions, peruse our great nation’s major newspapers, and fall down the rabbithole of Facebook posts, I encounter so many misconceptions about the GST/HST [...]
©iStock/Massonstock While it’s always best to audit-proof your return by keeping relevant records and calculations, don’t overlook the importance of registering for the GST/HST once you've billed $30,000 in any 12-month period. The fact that people can (and many do) gross $30,000 or more and neglect to register for the GST/HST, and that [...]
If you’re self-employed, freelance, or run any kind of business in Canada, you've probably heard that you have to register for the HST/GST once you make more than $30,000. But what exactly does that mean, what income counts toward the limit, and how do you do it? Personal Tax Advisors: Next Level Tax Preparation Next [...]
Paying instalments can be a surprise. GST/HST registrants who file returns only once a year are sometimes surprised to learn that the Canada Revenue Agency (CRA) is expecting quarterly GST / HST instalment payments through the year. They don't know...because CRA doesn't tell them until it's too late. Not every registrant has to pay [...]
