I am a subcontractor in construction. I registered for a GST\/HST number many years ago. I am going to retire. This year, my business income is less than $30k. Do I still need to charge my clients GST\/HST?<\/strong><\/h4>\nYes, before you cancel your GST\/HST number, you still need to charge your clients GST\/HST even if your business income is less than $30k. If your business income will be lower than $30k, you can cancel it, and then you don\u2019t need to collect GST\/HST anymore.<\/p>\n
\u00a0<\/strong><\/p>\nI am a part-time Uber driver, and the business income will be less than $30k. Do I need to get a GST\/HST number?<\/strong><\/h4>\nYes. This is an exception. Taxi and Uber drivers must register for the GST\/HST, even if their income is less than $30k.<\/p>\n
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I incorporated my IT consulting business and charged my clients GST\/HST a year ago, but I forgot to open a GST\/HST account with the CRA? What should I do?<\/strong><\/h4>\nYou need to backdate your GST\/HST to when you first collected GST\/HST. Please call the CRA at 1-800-959-5525 to open your GST\/HST account and request to back date it. You will need to provide the three first invoices.<\/p>\n
After you incorporate your business, you will get a business number from the CRA automatically. However, you still need to contact CRA to open a GST\/HST account under this business number.<\/p>\n
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How to register GST\/HST<\/strong><\/h4>\nYou can register your GST\/HST on the CRA website (search CRA business registration) or call 1-800-959-5525. The CRA will ask you the type of your business, and the estimated annual revenue. You can also choose GST\/HST reporting period and year-end. The reporting period can be annual, quarterly, or monthly. The year-end can be Dec 31 or the same as the corporation year-end. Normally, we recommend our clients choose annual reporting to reduce workload.<\/p>\n
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In this article, we will continue to discuss GST\/HST for your business. You can download the CRA tax guide below. https:\/\/solidtax.ca\/wp-content\/uploads\/2022\/09\/rc4022-21e-HST-Registrants.pdf I provide consulting services to my US clients only. Do I need to get a HST number? Your business is considered to be an export, which is a zero-rated supply. It means you […]<\/p>\n
Read More…<\/a><\/p>\n","protected":false},"author":2,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"ht-kb-category":[11],"ht-kb-tag":[],"class_list":["post-1391","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-hst-for-business"],"yoast_head":"\nGST\/HST Business Registration \u2013 Examples - Solid Tax Inc<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n\t \n