Newfoundland, Nova Scotia, Ontario, and Prince Edward Island—have combined their provincial sales taxes with the GST, creating the harmonized sales tax (HST), which operates similarly to GST. The process to register and collect HST is the same as GST, so we’ll cover both in this article....
Ontario provides more opportunity for retail businesses than any other province in Canada. With the highest provincial population and retail sales, starting a retail business in Ontario can be extremely rewarding. However, like all other businesses, there are a number of factors you must consider be...
Keep in mind; you’re not required to register your corporation federally. You can incorporate your business in one or more Canadian provinces or territories at a time. Step 4: Apply for the permits and licenses your business needs You might be able to obtain your business number, tax ...
HST Only Ontario (13%) Newfoundland (15%) Nova Scotia (15%) New Brunswick (15%) Prince Edward Island (15%) Even if you don’t have a physical presence in Canada, you might have to register, collect, and remit HST/GST and/or PST/QST/RST. Visit the Amazon Canada tax and regu...
To do so, have your corporation register for a HST number and file a HST return separately from the corporate tax return. Vishnu September 2, 2018 at 5:37 am My corporation is inactive with Some money in Bank and short term investment. How do I write off small expenses like inactive...
Canada has a GST/HST, i.e. federal sales tax system that has been simplified by being applied to each province. There are only 13 provinces and territories, making it easy for Canadians who live outside their home region to remit what they owe in one simple form. ...
2. As an alternative, when a casual shipment is delivered to you, you can refuse delivery and advise the courier company of your intention to self-clear directly with the CBSA. In this case, please ensure that you take note of the unique shipment identifier number on the package, as the...
Email Susan now to set up a time to chat susan@markbenson.ca. Leave a comment Filed underReal Estate Tagged asbracebridge,district of muskoka,gravenhurst,lake of bays,muskoka cottage,muskoka real estate HOW TO PREPARE YOUR COTTAGE FOR SALE IN ONTARIO ...
Transfer the amount to another child under the age of 21. If the child is over 21, you may have to pay taxes as well as return the CESG and CLB contributions to the account. Donate the amount to a college or university tax-free. You may be able to get a tax-deductible receipt if...
More recently, the GST and PST have been combined in some provinces into a single tax known as theHarmonized Sales Tax(HST). Prince Edward Island was the first to adopt the HST in 2013, combining its federal and provincial sales taxes into a single tax.6Since then, several other provinces...