Some provinces have chosen to participate in the HST, which pairs the GST with the PST to create one tax overall. These regions include New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Labrador, and Ontario. Therefore, if your small business resides in one of these areas, you ...
Some provinces require you to collect separate provincial taxes on top of the federal GST/HST. How to file and remit indirect taxes Before you collect any taxes from your customers, ensure you are appropriately registered with the tax authorities in the area. In the US, businesses must register...
5 Tips for More Accurate and Useful Cash Flow Forecasts Noah Parsons November 23, 2024 What is Cash Runway + How to Calculate it Noah Parsons November 23, 2024 Cash Flow Analysis Explained: How to Review + Examples Noah Parsons November 22, 2024 ...
How to Post a Job OnlineThe PriceA basic job costs $100 plus HST for a single job. A featured job costs $250 plus HST. The ProcessGetting your job online is a simple, two-step process. Step 1 is to submit the job; Step 2 is to pay for the job. In total, it should take you...
The accounts receivable line in your cash flow statement doesn’t show the total amount of money owed to you. It instead shows the change to accounts receivable. If the number is positive, customers that owe you from previous months paid you, and you deposited their money in your bank accou...
How to Get a Reseller's Permit You will need to determine which sales taxes apply to your restaurant. In most provinces and territories, the two main types of sales taxes are the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST). Some provinces have their own Provincial Sal...
Some provinces require you to collect separate provincial taxes on top of the federal GST/HST. How to file and remit indirect taxes Before you collect any taxes from your customers, ensure that you are appropriately registered with the tax authorities in the area. In the US, businesses must ...
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...
Sales tax is a form of indirect taxation that is imposed by state and local governments on the sale of goods and services. When you make a purchase, the seller adds the sales tax amount to the total price, which you, as the consumer, are responsible for paying. ...
The previous system, with no GST, implied that tax was paid on the value of goods and margin at every stage of the production process. This would translate to a higher amount of total taxes paid, which was then carried down to the end consumer in the form of higher costs for goods and...