Do I Need To File HST?

Do I have to charge HST to out of province customers?

However, businesses selling goods or services to customers in separate provinces that use the HST must charge the HST rates of the shipping destination.

For example, if a business in Ontario sells an item online to someone in Nova Scotia, the business would charge 15% HST, which is the rate in Nova Scotia..

Can you collect HST if you are not registered?

All businesses and public service bodies (including charities and public institutions) which provide taxable goods and services (including zero-rated supplies) in Canada must register to collect GST or HST, unless they are a small supplier. This includes non-residents who are carrying on business in Canada.

How do I fill out HST return?

Instructions for completing a GST/HST ReturnOn this page. … Enter your personal business information.Enter your total sales and other revenues (line 101) … Calculate your net tax (lines 103, 104, 105, 106, 107, 108, and 109) … Enter other credits (lines 110, 111, 112, and 113 A) … Enter other debits (lines 205, 405, and 113 B)More items…•

How do I file a HST return?

The CRA allows four methods to file your return electronically. It can be through your bank or credit union, your computer (NETFILE), filed by phone (TELEFILE), or via third-party software the CRA has certified for filing GST/HST returns. You can pay any balance that you owe through your financial institution.

What happens if you charge GST and are not registered?

If you are not registered for GST your invoice must not say Tax Invoice and just say Invoice. You do not charge an extra 10% on top of your services, that you collect and pay onto the government and you cannot claim the GST paid on items you buy.

Can I file my GST return myself?

Every person registered under the GST Act has to periodically furnish the details of sales and purchases along with tax collected and paid thereon, respectively, by filing online returns. Before filing the return, payment of tax due is compulsory otherwise such return will be invalid.

Do I need to file GST return every month?

Every registered person paying GST is required to furnish an electronic return every calendar month. A “Tax Return” is a document that showcases the income of a registered taxpayer. Such a document needs to be filed with the tax authorities in order to pay tax to the government.

How do I calculate GST HST?

To calculate the net GST/HST to remit, multiply the amount from your taxable supplies (including the GST/HST) made during the reporting period by the applicable quick method remittance rate(s).

How much do you have to make to pay HST?

You have to start charging GST/HST on the supply that made you exceed $30,000. You exceed the $30,000 threshold 1 over the previous 4 (or fewer) consecutive calendar quarters (but not in a single calendar quarter).

Do small businesses have to charge GST?

You have to register for GST if your business or enterprise has a GST turnover of $75,000 or more a year, the ATO says on its website. Businesses that have a turnover of less than $75,000 a year are not required to register for the GST. … However, even if you are below the threshold, you can collect GST.

How often do you have to file HST?

Most businesses are required to report quarterly. However, large businesses with over $6 million in annual taxable supplies must report monthly. Smaller businesses under $1,500,000 in annual taxable are generally put on an annual filing frequency. However, they can elect to file either on a quarterly or monthly basis.

Do you have to charge HST under $30000?

Most people know that, under the GST/HST, a “small supplier” with sales under $30,000 per year does not need to charge GST/HST on their sales. … Second, when counting the $30,000 threshold, you must total up not only your own sales, but also those of other persons with whom you are “associated”.

Do I need an HST number for my small business?

It may seem that all small businesses should immediately get a GST/HST number, but it really depends on the business. … If your business has revenue in excess of $30,000 in four consecutive calendar quarters, you have to register for a GST/HST number.

Who has to file HST return?

You are no longer a small supplier and you must register for the GST/HST if your total revenues from taxable supplies are over $30,000 ($50,000 for public service bodies) in a single calendar quarter or over four consecutive calendar quarters.

Do I have to file an HST return?

If you are closing a GST/HST account, you must file a final return. You must file a GST/HST return even if you have: no business transactions. no net tax to remit.

What items are HST exempt in Ontario?

You are not required to pay the Ontario portion (8%) of the HST on items such as books, children’s clothing and footwear, children’s car seats and car booster seats, diapers, qualifying food and beverages, and newspapers. The Canada Revenue Agency administers the rebate on behalf of the Government of Ontario.

Which goods and services are exempted from GST?

Exempted Goods in GST exemption listFood. Fruits and vegetables, cereals, meat and fish, potatoes and other edible tubers and roots, tender coconut, tea leaves, jaggery, coffee beans, ginger, turmeric, milk, curd, etc.Raw materials. … Tools/Instruments. … Miscellaneous.

How do I get my HST access code?

to request a new GST34-2 or GST34-3, call the Business Enquiries phone line at 1-800-959-5525. to get a new access code for GST/HST NETFILE or GST/HST TELEFILE, go to GST/HST Access Code Online.