HST Filings TorontoOur goal is to help you meet the CRA guidelines for your industry and avoid penalties due to missed or late filings.

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

HST filing deadlines can vary based on your business type and chosen options. Additionally, you can select different filing methods that best suit your needs. Our Toronto tax advisor possesses the expertise to help you maximize savings on HST. It’s important to note that not all goods are subject to the provincial HST. For example, some businesses do not charge HST on items like milk and bread, which are zero-rated and should be excluded from your charges. Similarly, HST may not apply to certain services, such as child care, medical, or educational services.

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.

Volodymyr YepishevVolodymyr Yepishev
22:52 22 May 24
Valeriia LozaValeriia Loza
22:51 21 May 24
I would like to thank Dmitry Babtsov for his enormous assistance in all matters of financial life in Canada. Since we were new to this area, he explained and did the job at the highest level. I will be very happy to continue doing business only with him!I would like to thank Dmitry Babtsov for his great help in all matters of financial life in Canada. Since we were new to this area - he explained and did a top notch job. I will be very happy to continue doing business only with him!
Dmitry, thank you for your professionalism and high level of service. For the last two years, we have been turning only to you to do our personal taxes. Dmitry is always ready to answer questions and explain nuances. We don't understand the Canadian tax system, but we know that our tax returns will be in order.
Yuri StanislavskiYuri Stanislavski
16:57 08 May 24
Communication with Dmitry in the process of preparing tax returns was a pleasure. His actions are transparent and clear, his instructions are simple and easy to understand, and the result is fast and predictable. I recommend!
Oleh MashukovOleh Mashukov
23:26 08 Apr 24
I highly recommend "Truth In Balance Accounting & Tax Services." Dmitri was a big help. He knows a lot about tax laws, which made everything much easier and taught me a lot too. He always took the time to explain the hard stuff and helped me make smart choices for my money. If you need someone good and trustworthy for your taxes and accounting, you should definitely go to them.
Dima PrasolovDima Prasolov
01:01 05 Apr 24
I had a fantastic experience with «Truth In Balance Accounting & Tax Services», especially with Dmitri's assistance in preparing my taxes. Dmitri's professionalism and expertise made the process smooth and stress-free. He patiently addressed all my questions and provided valuable insights to optimize my financial situation. I highly recommend «Truth In Balance Accounting & Tax Services» to anyone seeking reliable accounting and tax services.
Lidiia BonazziLidiia Bonazzi
02:17 01 Apr 24
Outstanding service! That's what I call professionalism - not only an expertise in a field but client-oriented guidance as well. Dmirti is very responsive, he's explained all details we asked him about, and that was really appreciated as it's our first time filing taxes in Canada. Definitely, will come back next year!
Oleksandr IeismuntOleksandr Ieismunt
00:23 21 Mar 24
Dmitry is a professional in his field.Also a nice person. I am grateful to him for his help. Everything was done competently, quickly and at a reasonable price, and what I personally really appreciate and highlight as a special advantage is that the person is always available, be it by email or by phone call.I recommend.
Ruslan ValuevRuslan Valuev
17:03 17 Mar 24
I recently had the pleasure of working with Dmitri as my tax accountant, and I couldn't be more satisfied with the service provided. Dmitri went above and beyond to ensure that my taxes were not only filed correctly but also worked diligently to find ways to decrease my overall tax liability. What I particularly appreciated was his willingness to answer all my questions about taxation, including the best practices for payment. His expertise and dedication made what is often a stressful process, smooth and understandable. I highly recommend Truth in Balance to anyone looking for top-notch tax services. Thank you, Dmitri, for your outstanding work!