Here is a step-by-step guide on how to file your GST/HST return in Canada.1. Registration: Begin by checking if your business needs to register for the GST HST program by visiting the CRA's website or consulting with your accountant. Typically, you need to register if your business's...
A pre-assessment review is a pretty standard practice conducted by the CRA after you file your tax return. It'll happen before the official assessment. During this process, the CRA scrutinizes your return for any discrepancies or missing information to make sure your return looks correct. If th...
To collect taxes, a small business has to create a GST/HST account with the CRA. However, there is a difference between a small supplier and one that needs to register for a tax account. A small supplier is a partnership, corporation, or sole proprietorship that has made less than $30,...
Let’s review Canadian tax brackets, preparation tips, and steps you’ll need to take to file your 2022 income taxes in 2023. Back: Common Small Business Tax Credits Next: A Guide to Sales Tax (GST/HST/PST)2022 Provincial and Federal Tax Brackets for Small Businesses Understanding different...
For more tips and helpful information, visit CRA’sBe Scam SmartorSlam the scampages. CRA may review your return One reason the CRA may contact you is if it is reviewing your income tax and benefit return. This could include reviewing your GST/HST, T4 or T5 information. You may receive ...
As of July 1, 2021, Amazon collected GST and HST for those not already registered. You may still need to register to collect provincial sales tax in BC, Manitoba, and Quebec There's a few provinces where you technically need to collect and file sales tax for, specifically British Columbia...
I received a GST/HST refund in October 2014 for my 2013-14 tax year. How do I account for it in my 2014-15 T2 return including financial statements? Any help would be greatly appreciated. Thank you, Jenny superAmin May 28, 2015 at 9:53 pm Hi Jenny When you filed your corporate...
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High proportions of large dimensioned trees will require timber extraction using forestry tractors, and these will need to be operated from tractor roads on sensitive soils (23.0%), and from skid trails on insensitive soils (18.4%). Keywords: forest operations; timber harvesting; timber extraction;...