Got a GST/HST problem? It’s best to be honest. The appeals process to have a CRA officer resolve yourGST/HST objectioncan take anywhere from 124 days to over 500 days (as of January 2021) — it depends on thelevel of complexityof your GST/HST objection. ...
If you write off the bad debt as a whole, do you still then end up paying HST on the sale to the CRA? Is there a way to write off the base amount and apply the HST offsetting credits to your HST account? Cheer Reply Trish_T QuickBooks Team ...
You can consult with CRA and territorial authorities about specific rules and regulations. I’ll get into some regional requirements a little later on.Co-operative In a co-operative business structure, an association of members owns and controls the business. Co-ops are set up to meet the ...
If you are a CCPC and have no taxes payable, you can use the T2 Short Form Return (which you can find http://www.cra-arc.gc.ca/E/pbg/tf/t2short/t2short-13e.pdf) to report a loss to your company during the year. You should also complete schedule 8 (for fixed assets), schedule...
The following expenses are not deductible, as indicated by the CRA: Land transfer tax - add these amounts to the cost of the property Mortgage principal - you may be able to deduct interest, however. SeeLine 8710 - interest and bank charges ...
The "tax payable when importing goods" refers to GST, excise tax and excise duty (which may or may not apply to the goods you wish to import). Note that for imported goods you only pay the federal portion (GST) of taxes even if you reside in a province that chargesHST(i.e., has...
Do you have a general rule of thumb on how much to increase the US price of a product when listing it for sale on Amazon.ca? In your podcast you mention the HST tax, duty fees to import into Canada, customs fees, currency conversion fees, the difference in currency exchange rates and...
Some Canadian business owners are also opting to file via Net File or accounting software such as QuickBooks. You can contact the Canada Revenue Agency via a free support service or at the CRA phone number, 1-800-959-8281. Small business tax myths Q1: My business didn’t make any money ...
Next: How to Pay Your EmployeesWhat do you need to set up payroll online? Before you open a payroll account with the CRA, you must first register a business number (BN) for your organization. A business number is a unique nine-digit number that identifies businesses matters with federal, ...
sustainability Article How to Maintain the Sustainable Development of a Business Platform: A Case Study of Pinduoduo Social Commerce Platform in China Wu Zhao 1 , AnQi Wang 1 and Yun Chen 2,* 1 School of Economics and Management, Xidian University, Xi'an 710126, China; zhsxwu@xidian.edu.cn...