If you have registered GST/HST account with Canada Revenue Agency, you are required to file your GST/HST return. Generally, your annual sales determine how often you have to file GST/HST returns. It can be Annually, Quarterly, or Monthly. You can choose to do it by yourself or use a HST Return Filing Service.
File your GST/HST return in 3 steps
1. Calculate the amount of GST/HST you collected from your customers.
2. Calculate the GST/HST you paid or owe on purchases and expenses related to your business. This amount is the input tax credits (ITCs).
3. Your net tax is the amount of … [Read more...]