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I registered for the GST-HST but don’t earn $30,000

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: [...]

Registering for GST or HST when you don’t have to

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 [...]

What Are Input Tax Credits (ITCs)?

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: [...]

Do I Really Have to Get a HST/GST Number?

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 [...]

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