Introduction:
If your business earns more than $30,000 in revenue in a year, you’re required to register and file GST/HST returns. But don’t worry — we’re here to simplify it for you.
📌 What is GST/HST?
GST (Goods and Services Tax) or HST (Harmonized Sales Tax) is a value-added tax you collect on most goods and services. The rate depends on your province.
📆 When to File?
You may need to file monthly, quarterly, or annually depending on your revenue. Missing a deadline can lead to penalties and interest.
📥 Input Tax Credit (ITC)
You can claim ITCs to recover GST/HST paid on business expenses — this reduces the total amount you owe!
🧾 What’s Needed for Filing?
- Sales and revenue records
- Business expenses with GST/HST paid
- CRA GST number
- Proper bookkeeping
❗ Mistakes to Avoid:
- Not charging the right GST rate
- Forgetting to register once revenue crosses $30,000
- Late or incorrect filing
✅ Conclusion:
GST/HST filing is easier when you have expert help. Let us handle the numbers while you focus on your business.