Businesses are required to complete and file a GST/HST return at the end of each reporting period. Additionally, businesses must remit the tax collected to the tax authority. Most registered businesses must file a return even if they don’t have any business transactions or tax to remit. Fi...
HST collected is a liability and must be paid back to the CRA by filing a HST return. However, you can claim input tax credits, which reduce HST owing, for HST paid on business purchases. ITCs are also reported on a HST return. Report dividends paid on Schedule 3 of the Corporate Tax...
000 in a single calendar quarter or over the past four consecutive calendar quarters, you must register for the goods and services tax (GST) and harmonized sales tax (HST). The same registration threshold applies to nonresidents selling digital services to Canadian consumers....
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You are still required to include details of your business on your tax return. If your business actually lost money, you can apply the loss to your other income. Q2: I made less than $5000 so do I have to file this year? A2: False. Although you may not owe any taxes on your ...
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How to register To register for an Adventure Canada expedition, each participant 18 years or older must complete the registration agreement and return it to our office with your deposit. If the participant is under the age of 18, the participant’s legal guardian must complete the registrati...
Return orders. Prices on Items (master data) Prices on Sales Prices (master data) Business Posting Groups on Customers and Vendors.To prepare GST/HST rate change conversionsBefore you set up the GST/HST rate change tool, you must make the following preparations.If...
They start off folded flat; when they need to be activated, an electric current shoots through their shape-memory parts, heating them just enough to make them pop out into their "preprogrammed," permanent shape.Photo: The Hubble Space Telescope (HST) used arms made of a shape-memory alloy ...
GST/HST audits are focused on the Goods and Services Tax/Harmonized Sales Tax (GST/HST) reporting and payments. The CRA will review your sales and purchase records to make sure you've remitted the right amount. You may be asked to provide invoices, receipts, and other supporting documents ...