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.

  • This is usually considered when the business has a lot of start-up expenses.
  • Being registered for a GST/HST account will allow hte business to have some additional deductions knows as Input Tax Credits (ITCs).

 

Talk to an accountant or bookkeeper for addtional assistance regarding ITCs.

Did you know?

There is a chance that your product or services may be zero-rated or exempt from HST.

Talk to an accountant!

Options for registering a GST/HST account:

CRA Website

OWNR Website
($50+hst)

CRA Phone:
1-800-959-5525

Mail or fax RC1 form to Sudbury CRA Tax Centre

Filing GST/HST

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.

Failure to comply with your GST/HST obligations can lead to penalties, interest, or even prosecution.

Download Guide
en_USEnglish
fr_FRFrançais en_USEnglish