What is HST?
As a business owner, you are likely familiar with GST, but what about HST? And is it something you need to worry about? The answer to this question depends on where you are doing business and whether or not you ship products to other provinces. The most common place you see a reference to HST is on the form you need to file with the Canada Revenue Agency (CRA) reporting your GST for the period. The same form is used to report HST and the official name of the form is the “Goods and Services Tax/Harmonized Sales Tax (GST/HST) Return.” Each [...]