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How to File Your GST Return

By |2022-08-16T16:58:48+00:00October 22nd, 2021|Taxes|

The Goods and Services Tax (GST) Return is the form used to report the net GST your business owes the Canada Revenue Agency (CRA). It’s much easier to file your GST return if your bookkeeping is up to date. This makes filling out the GST return a matter of looking up the numbers in your accounting app. All the lines on the GST return are also boxes where you enter your numbers. Even if you will be filing your return electronically, it’s a good idea to use a form to calculate the GST you owe (or is owed to you) first. [...]

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GST: Exempt vs Taxable Supplies

By |2021-10-24T09:52:58+00:00October 10th, 2021|Business, Taxes|

When you’re first setting up your business, one of the things you might ask is if you need to charge GST. Chances are you don’t have time to sift through the Canada Revenue Agency’s massive guide for GST registrants to find the answer. You’re in luck, because this month on the blog, we’re answering some of the most common GST questions we get.  When it comes to determining if you need to charge GST, you need to decide if you’re providing a taxable supply. Supply is the language used in the Income Tax Act to refer to what you’re selling. This [...]

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