HST filing is an essential requirement for businesses. If you anticipate earning more than $30,000 per year as a business owner, it is crucial to register for HST and diligently follow the necessary steps to collect this revenue without tax.
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When it comes to HST filing, there are two primary methods to consider:
The Quick Method and the Standard Method.
At Veracity Accounting, we carefully assess your business to determine the most suitable method that helps you maximize tax savings.
Opting for online/NETFILE HST/GST filing enables a fast and efficient processing of your file with the Canada Revenue Agency (CRA). Our team selects the appropriate HST filing method based on your unique financial situation and transactions, ensuring we optimize your savings
HST is a consumption tax applicable in Canada, specifically in provinces where the federal GST and regional Provincial Sales Tax (PST) have been consolidated into a unified value-added sales tax.
HST rate is 13% in Ontario and for 14.975% in Qubec.