GST/HST Return

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Every business needs to have a GST/HST number after they crosses the threshold limit of $30000(Gross Revenue).

If you exceed the $30,000 threshold in a single calendar quarter.

You must register for the GST/HST. Your effective date of registration is no later than the day of the supply that made you exceed $30,000. You have to start charging GST/HST on the supply that made you exceed $30,000.

If you exceed the $30,000 threshold over the previous 4 (or fewer) consecutive calendar quarters (but not in a single calendar quarter). You have to register for the GST/HST. Your effective date of registration is no later than the beginning of the month after you are no longer a small supplier.
You have to start charging GST/HST on your taxable supplies starting on your effective date of registration.

In our accounting firm we provide the following services related to GST/HST :

  • Obtaining GST/HST number for your business from CRA.
  • Recording all GST Related Entries into your books of accounts.
  • Claiming GST @rates defined by the legislature.
  • Assisting business in claiming ITC Adjustments.
  • Filling of GST/HST on timely basis to avoid late payments and interest.