{"id":1987,"date":"2024-02-01T15:23:22","date_gmt":"2024-02-01T15:23:22","guid":{"rendered":"https:\/\/leyton.majjane.agency\/ca\/post\/does-my-business-need-to-register-for-gst-hst\/"},"modified":"2024-02-01T15:23:22","modified_gmt":"2024-02-01T15:23:22","slug":"does-my-business-need-to-register-for-gst-hst","status":"publish","type":"article","link":"https:\/\/leyton.com\/ca\/en\/insights\/articles\/does-my-business-need-to-register-for-gst-hst\/","title":{"rendered":"Does my business need to register for GST\/HST?"},"content":{"rendered":"
Not sure if you need to register<\/strong> your business for GST\/HST? Confused about sales taxes<\/strong> in Canada? In this article we answer your most frequently asked questions regarding sales taxes<\/strong> for new businesses selling in Canada and to foreigners.<\/p>\n Businesses including, service-based<\/strong> businesses and wholesale<\/strong> businesses with taxable revenues surpassing $30,000<\/strong> in any calendar quarter <\/strong>or for four consecutive quarters<\/strong>, generally need to register for the GST\/HST<\/strong>.<\/p>\n In this scenario, total taxable revenue<\/strong> includes earnings from global sales of taxable supplies, excluding certain items like goodwill, financial services, and capital property sales. <\/p>\n Taxable supplies<\/strong> refers to commercial activities subject to GST\/HST<\/strong>, while zero-rated supplies (taxable at 0%) cover items like basic groceries, prescription drugs, and some transportation services.<\/p>\n Aside from remaining compliant with sales tax regulations, registrants for GST\/HST can recover taxes paid<\/a><\/strong> on acquired property and services through input tax credits <\/a><\/strong>on their returns. <\/p>\n A sales tax recovery program<\/a><\/strong> is also available for non-Canadian resident importers selling into Canada<\/a><\/strong>. Procedures and regulations vary by province, seek assistance from an experienced sales tax professional<\/a> for more information.<\/p>\n Upon obtaining a business number from the Canada Revenue Agency<\/strong> (CRA), you likely received a GST\/HST account number. Non-residents can also register voluntarily. If your business operates in Quebec, separate registration with Revenue Qu\u00e9bec is necessary.<\/p>\n Businesses in HST provinces only have to register with the federal government, but those in British Columbia, Saskatchewan, Manitoba,<\/strong> or Quebec <\/strong>may need to register for provincial sales tax (PST)<\/strong> as well.<\/p>\n If the customer is located in a different province, the GST\/HST rate will depend on the customer’s location. For out-of-country customers, GST\/HST or provincial sales taxes<\/strong> might not be required for services <\/strong>provided outside Canada. However, purchases <\/strong>made by international customers in Canada<\/strong> may be subject to these taxes, nonetheless they could be entitled to a rebate. <\/p>\nWhy do you need to register for GST\/HST?<\/h2>\n
What is the Benefit of Registering Your Business for GST\/HST?<\/h2>\n
<\/figure>\nHow to Register your Business for GST\/HST?<\/h2>\n
Does my business have to collect provincial sales taxes?<\/h2>\n
How do I collect GST\/HST from foreign customers?<\/h2>\n
Have more questions about Canadian sales tax? <\/h3>\n
Our seasoned experts at Leyton <\/a>have all the answers. Schedule a free consultation<\/strong><\/a> today to get started!<\/h4>\n