If your business has earned less than $30,000 of income in a year (from the date of first transaction), you will not need to register for a GST/HST account with the CRA and will not need to charge sales taxes on your products or services.
If your business has earned more than $30,000 of income in a year, you will need to register for a GST/HST account with the CRA and will need to charge sales taxes on your products and services at the time of registration and going forward. (The HST rate in Ontario is 13%)
Some businesses will choose to opt into registering a GST/HST account before reaching $30,000 in sales.
Talk to an accountant or bookkeeper for addtional assistance regarding ITCs.
There is a chance that your product or services may be zero-rated or exempt from HST.
Talk to an accountant!
Upon registering, choose to file your return either: monthly, quarterly or yearly
GST34-2 is the form you need to file with the CRA, either: electronically, at your bank, or by mail. Once filed, you will receive a Notice of Assessment which will determine how much you are owed for a rebate, or how much you still have owing.