HST Returns Toronto
If your business supplies taxable goods or services in Canada and generates over $30,000 in revenue, it is required to file HST returns. The Harmonized Sales Tax (HST) combines the provincial sales tax with the Goods and Services Tax (GST). TRUTH IN BALANCE. Accounting & Tax Services Corporation, a Toronto-based accounting firm, provides HST filing support to both Canadian residents and non-residents.
We understand that some small businesses must register for HST irrespective of their revenue levels. Our mission is to assist you in complying with CRA regulations specific to your industry, ensuring you avoid any penalties from missed or delayed filings.
File Your HST Returns On Time
Consulting a reputable accounting firm is essential to identify which items are zero-rated, exempt, or taxable, helping you save the most on HST charges.
Get Help Filing HST Returns
When a business collects HST from its customers, it must remit this tax to the federal government by submitting an HST return to the CRA. Businesses are typically required to register for HST when they begin collecting it. Upon registration, the CRA assigns a reporting period based on the business’s annual taxable supplies. Most businesses report quarterly, but those with annual taxable supplies exceeding $6 million must report monthly. Small businesses have the option to file their returns quarterly, semi-annually, or monthly, depending on what suits them best.
Get All The Help You Need In HST Filings
As a business, you are required to submit your remittance for each reporting period, even if the amount is zero. If you anticipate refunds, you may choose to extend your remittance period. We simplify the process by filing your HST returns electronically. Some expenses qualify for input tax credits, and we will identify those for your business, helping you save significantly on taxes. Facing challenges with your HST filing? We will develop tailored strategies to address them. Contact us to explore your options.