All Questions
9
questions
1
vote
2
answers
91
views
How is GST/HST treated when you file corporate tax?
FOR CANADA:
Let's assume I make $100,000 in sales with a 13% HST tax = $113,000 in a year. Also let's assume zero expenses for the year. I pay $13,000 in HST.
Are my corporate income taxes on $100,000?...
- 129
1
vote
0
answers
75
views
Ontario, Canada rules for tax rates for services
In Canada, various provincial and federal taxes are applied to goods and services. In the event that a tax rate changes, there can often be confusion as to which tax rate to use for services rendered. ...
user20384
3
votes
0
answers
397
views
Am I supposed to get "GST/HST credit" cheques even if I have substantial savings abroad?
I have moved to Canada, Nova Scotia about a year ago, so I filed my first tax return (2017) already. Long story short, I lived the entire year out of my own savings - there was no income and no ...
- 131
1
vote
0
answers
82
views
Am I required to have my website registered as a business in Canada to collect HST?
Am I required to have my website registered as a business in Canada ON, to be able to sell ads? does the amount of income makes any difference?
The reason I am asking this is I have been told that if ...
- 11
2
votes
1
answer
94
views
Can I still charge and keep money from my small business, listed under HST?
This question relates to the province of Ontario in Canada.
As a small business owner, there is an exemption where you are not required to charge HST on goods and services if you make under thirty ...
- 129
1
vote
0
answers
194
views
Do I have to file two tax returns if I am employed and self-employed?
I am employed full-time by an employer that does tax deductions but I also work freelance on the side which I do have a business number for and collect HST.
I know I have to fill out the HST forms (...
- 183
0
votes
1
answer
116
views
How do I claim HST compensation on my personal Ontario income taxes?
I have a couple thousand dollars of HST compensation to declare on my Ontario Income Tax for a sole proprietor business, but I am not sure specifically how to declare the amount on my taxes as income ...
1
vote
1
answer
7k
views
As an independent contractor, should I always charge the client the GST/HST?
As an independent contractor, does my hourly rate determine if I should charge GST/HST to the client? Or should I charge it always?
- 16k
7
votes
1
answer
327
views
How can I minimize the impact of the HST?
HST is being introduced in both Ontario (see this question) and B.C., does anyone have suggestions for how to reduce its impact on individuals?
- 6,230