GST/ HST Filings For Toronto Businesses
Our team of certified accountants in Toronto brings a wealth of knowledge and experience in handling GST/HST filings. At One Accounting, we offer expert guidance and tailored solutions to help you efficiently manage your financial and tax responsibilities.
Our experienced team is dedicated to providing comprehensive support and professional assistance to ensure compliance and optimize your financial outcomes.
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Our team of seasoned tax professionals has extensive experience in handling GST/HST filings , ensuring that your filings are accurate and compliant.
We prioritize accuracy and timeliness, helping you avoid costly penalties and interest by ensuring your GST/HST filings are filed correctly and on time.
We stay on top of changes in tax laws and regulations, providing you with proactive advice and support to keep your GST/HST filings regulated.
From initial consultation to audit support, we offer a full range of GST/HST services, making us a one-stop solution for all your tax needs.
Professional GST/HST Return Services
GST/HST filings can be challenging for businesses of all sizes. At One Accounting, we provide expert GST/HST filings services designed to simplify the process and ensure your business remains compliant with the Canada Revenue Agency (CRA).
Our team of experienced professionals is dedicated to delivering accurate, timely, and efficient tax solutions that cater to your specific needs. We provide a comprehensive GST/HST returns service that simplifies tax obligations for businesses across Ontario, Canada.
Optimize your GST/HST compliance with One Accounting’s expert returns service. Contact us today to learn how we can support your business.
Why One Accounting Is The Premiere GST/HST Filing System
At One Accounting, we understand the importance of fully leveraging the GST/HST filings to support your financial well-being. Our dedicated GST/HST filing service is designed to help individuals and families navigate the intricacies of this benefit, ensuring you receive the maximum credit amount you’re entitled to.
Whether you’re filing for the first time or need assistance with ongoing eligibility, our team is here to guide you through the process with ease and precision. Our knowledgeable team stays updated with the latest tax regulations and criteria for GST/HST filings, offering expert advice tailored to your unique circumstances.
You ask, we answer
Here are frequently asked questions (FAQ) for our GST/ HST filing service.
The Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are value-added taxes applied to most goods and services sold in Canada. Businesses with annual taxable sales exceeding $30,000 must register for and carry out GST/HST filings.
You’ll need sales records, GST/HST collected, purchase and expense records, and any input tax credits you wish to claim. Our team will guide you through the documentation process to ensure nothing is missed.
The 9 digit HST number is identical to the Federal Business Number (BN) that the Revenue Canada Agency issues to Canadian corporations, partnerships, and sole proprietorships. A HST number has RT0001 at the end. Each and every invoice needs to include the HST number in the GST/HST filings.
- To file HST in Ontario, begin by determining your filing frequency—monthly, quarterly, or annually—based on your annual taxable revenue.
- Gather all relevant records, including sales data, HST collected, and business expenses with input tax credits.
- Calculate your net tax by subtracting input tax credits from the HST collected.
- Carry out your GST/HST filings electronically via the CRA’s My Business Account or NETFILE-certified software for efficiency, or use paper forms if preferred.
- Ensure any payments owed are submitted by the due date to avoid penalties and retain records for at least six years for compliance and audit purposes.
To obtain an HST number in Ontario, you need to register for a Business Number (BN) with the Canada Revenue Agency (CRA). You can do this online through the CRA’s Business Registration Online (BRO) service, by calling the CRA at 1-800-959-5525, or by submitting Form RC1, Request for a Business Number, via mail. During the registration process, you’ll provide information about your business, such as its legal name, business activities, and expected taxable sales. Once registered, your HST number will be issued as part of your Business Number, allowing you to collect HST on your sales and carry out your GST/HST filings.
For Ontario, HST rate is 13%. For Quebec, it is 14.975%.
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