GST HST Consultant for Registration and Filings
Are you looking for GST HST consultant experts, then you have come to the right place. Account Tax Pros has Canada's best trained GST HST consultant team. The Goods and Services Tax (GST), Provincial Sales Tax (PST) or Harmonized Sales Tax (HST) is a tax on the supply of goods and services made in Canada. HST is a single tax rate, applied in provinces where the provinces have harmonized their Provincial Sales Tax with the Federal GST. In Canada, the following provinces have harmonized their sales tax with the Federal sales Tax:
- Ontario
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Prince Edward Island
In other provinces, the supply of goods and services attracts GST @5% plus the applicable PST.
Threshold Limit for Mandatory Registration: There is a threshold limit of $30,000 of turnover/supply of services, in the last four quarters or a single quarter for mandatory registration under HST GST Registration and Filings.
However, it is open for businesses to get voluntary registration immediately after the incorporation of the company.
Taxi / Cab Services or Commercial Ride Sharing Service providers: In the case of Taxi services, if a Drivers provides cab services as a self-employed then in such a case it is mandatory to get the GST / HST registration Service from the start of the business/cab services.
Self-employed: Self-employed can get GST / HST Registration can claim/recover the Input Tax Credit (ITC) of the amount GST / HST paid on the purchase/expenses and utilised in the business.
Fiscal Year under GST / HST / PST:
Generally, the Fiscal Year under the Income Tax for filing returns is the same as under the GST / HST / PST. So in most cases, the business keeps/uses the same fiscal year for the Tax Year as well as GST / HST / PST, as it is easy to manage. To know more in detail connect with our GST HST consultant team.
However, in the case of Corporations, that have a non-calendar Tax year, they may elect to use Calendar Year as their Fiscal Year for GST / HST purposes.
GST / HST Rates
|
Province(s) |
GST Rate |
HST Rate |
|
Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon |
5% Plus Provincial Sales Tax |
- |
|
Ontario |
|
13% |
|
New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island |
|
15% |
Compliances – GST returns – The due date of GST Return Filing / HST return filing is based upon the reporting/filing period. Generally, at the time of registration, CRA determines and informs the filing period of every registrant. In the case of new small registrants, the filing period is annual.
|
Type of Filer and Due Dates |
Monthly Files |
Quarterly Files |
Annual Filers –Individuals with 31st Dec ending Fiscal Year |
Annual Filers – Other than Individuals with 31st Dec ending Fiscal Year |
|
Tax deposit due dates |
1 month after the end of the month |
1 month after the end of the Quarter |
30th April after the end of the Fiscal Year |
3 months after the completion of the year |
|
GST / HST Return Due Date |
1 month after the end of the month |
1 month after the end of the Quarter |
15th June after the end of the Fiscal Year |
3 months after the end of the year |
At AccountTax Pros, we firmly believe in the importance of compliance with the law and therefore always pay priority to the same. We at AccountTax Pros always keep our GST HST consultant team updated with the latest amendments as notified by the Government from time to time so that the benefit of our knowledge and expertise is passed on for the benefit and growth of our clients.
At AccountTax Pros, Our GST HST consultant team assist clients in:-
- GST/HST Registration - Registering under the GST / HST / Provincial Sales Tax
- Guiding you and helping you to comply with the Place of Supply rules / Value of supply rules / Consideration under GST / HST of Canada while making supplies or providing services outside the province of registration or under special circumstances.
- Advising you on the right amount of Input Tax Credit (ITC) of your purchases and services
- Computation of your Tax liability and GST Return Filing / HST Return Filing / Provincial Sales Tax (PST) Return filing
- Assisting you in case of CRA Audits
- Representing you as your GST HST Consultant before the CRA