Questions tagged [hst]
HST is the Harmonized Sales Tax in effect in several Canadian provinces. This is a combination of Federal and Provincial taxes that are applied in one transaction.
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How to calculate total profit when doing assignment sale in ontario?
I am learning about assignment sales, and I wanted to fully work out what are all the calculations and fees/taxes when calculating the final net profit I would keep if I do an assignment sale, and was ...
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2 out of 3 events rule in gst
Why in India when rate of tax changes during supply 2 out of 3 events rule applies that is when 2 out of 3 things, ( provision of goods,receipt of payment,issue of invoice) occurs then that date is ...
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Charging HST on a product where a portion goes directly as a donation to someone else [Canada]
I'm launching a business that helps other people/organizations to fundraise. In some ways it is similar to GoFundMe or Kickstarter in a sense that much of the intention of the business is to pass the ...
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Capital gains when selling my boat and HST in Ontario Canada
Someone gifted me a boat and provided me with the original receipt that shows what they paid for it. I can see they paid $47000 + HST (=$53110).
If I sold the boat to a friend for $50000, do I need ...
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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?...
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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
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How to apply 1% rate reduction using GST/QST Quick method?
I use Quick method for calcualting GST/QST remittances:
The Quick Method is a simplified accounting method designed to help
registrants calculate the GST and QST they must remit to Revenu
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Canada Taxes GST and HST on different goods
I'm developing an eCommerce site for a client whose shop is based in Ontario, Canada. They sell books, DVDs and music CDs to all provinces in Canada. After reading up on Canada's sales-tax system, the ...
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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 ...
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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 ...
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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 ...
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Can I claim GST/HST Input Tax Credits (ITCs) on Uber, taxi, or limousine fares?
Uber invoices do not include a GST/HST number, and tax is not separated. On the other hand, Uber drivers ARE required to be registered for GST/HST and collect & remit the tax.
http://...
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If I have a sole proprietorship making under $30k, can I register an HST account but not charge HST?
Can I create an HST account for my sole proprietorship but not charge HST if I don't make more than $30k? Can my HST account just sit there?
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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 (...
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US Citizen living and working in Canada for US company - HST?
I am a US citizen living and working in Canada for a small US company that provides consulting services to a large Canadian company. I am considered an independent contractor; and am paid in US ...
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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 ...
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Determining CMHC insurance premium
Is the calculation based on purchase price with HST or without HST?
For example, the property is being purchased from the builder and the stated purchase price includes HST. If the posted price is $...
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Is there any way to split income between the partnering corporations, legitimately, so the HST charged matches what is charged to the customer?
I have an unusual case I was hoping someone could shed some light on.
I have an Ontario based Corporation which sells a piece of software and some computer based services. The buyers are from various ...
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Where to find Amazon Canada's GST/HST Number? Wasn't on invoice emailed to me
I have a small business registered to collect GST/HST. I purchased a product from Amazon.ca, and they charged me HST. However, the invoice they emailed me did not contain the HST/GST, or Business ...
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Self employed as IT consultant and as massage therapist: Do I need 2 HST numbers?
I am self employed as an IT consultant and now also as a registered massage therapist.
My combined earnings are over $30K annually.
Do I need to get a 2nd HST number for the massage therapy income?
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What income bracket(s) are eligible for the GST/HST credit in Ontario?
As per the information on CRA website, the eligibility for GST/HST credit is met if any one of the below are true:
You are 19 years of age or older before the month in which we make a quarterly ...
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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?
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Should insurance pay me tax (hst) on top of the quote for home repairs?
I'm in the middle of an insurance claim for a flood at my house. Insurance gave us a quote for the repairs but we do not want to use their contractors because we have heard negative stories about them....
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Do I need to collect GST/PST for providing software services to companies outside of Canada?
I have a corporation registered in BC, Canada. I provide custom software development services to companies outside of Canada. Do I need to collect GST/PST ?
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HST vacant lot severed from a farm for sale, zoned residential but still has crop on it
I am considering selling a piece of land that was severed as a residential lot from our family farm. The crop has been planted on it, even though it was legally severed as residential. If I sell ...
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HST for a new home in Ontario, a first time home buyer
I am planning to buy a new home for 830,000, what is the HST calculation? Can HST be paid together with the mortgage? Thanks.
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Ontario new home/condo HST rebate: What is the price without HST if the price is $400,000 including HST?
What is the actual purchase price of a new condo without HST, if price is $400,000 including HST? The condo is in Mississauga, Ontario and the buyer is not a first time home buyer.
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HST rebate when buying a vacant piece of land / lot and building one's own new home on it?
I am looking at buying a vacant piece of land from a developer and building a house on it.
I realize I must pay HST on the purchase of the land.
If I act as the contractor/builder of my new home, ...
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Ontario HST Rebate: What was the mailing date of the June, 2011 HST rebate cheque?
What was the date that the June, 2011 HST rebate cheques were mailed?
I have my bank statement that covers up to June 17th and the HST cheque was not deposited by that time.
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Ontario HST Rebate: Filed taxes, but haven't received HST payment for December 2010?
I have still not received my HST refund payment for December 2010. When can I expect to receive my refund? I filed my taxes and have just paid my balance of taxes owing, but still have not received ...
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Ontario HST rebate: I am now 18. Do I get the last rebate cheque?
I turned 18 in September 2010. I filed my income tax for 2010. Will I receive an HST rebate cheque for June 2011? How much could I expect?
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Ontario HST rebate: Would my child's dependent status change when he/she turns 18?
My daughter turned 18 in January 2011. She is still in school and still living at home. I am a single parent. Is she considered a dependent for the family rebate or would we each be classified for the ...
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How is the adjusted family net income calculated for the Ontario Sales Tax Transition Benefit (OSTTB)? What is included in that adjustment?
How is the adjusted family net income calculated for the Ontario Sales Tax Transition Benefit (OSTTB)?
What is included in that adjustment?
user3194
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Self-employed: Is the HST portion of my invoice to be included in my taxable income?
I am self-employed and charge and receive HST. I file an HST return so any monies are returned to the government. Is the HST portion of my invoice to be included in my taxable income?
user2895
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Ontario HST rebate: When in December 2010 will we receive our HST cheque?
Does anybody know when in December 2010 we will be receiving our HST cheques?
Kim
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What is CAN PRO?
I have had several deposits into my bank account over the past year from this ($125.??) I am sure it is federal and provincial and some kind of credit. But for what?
sharon
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We received the first HST payment but we got a notice of an error. Will we still get our next HST payment?
We received the first HST payment. However, something was wrong on our taxes. We got a notice a week or so ago saying that we now owe, because our rent receipts -- that we handed in -- got lost. ...
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Ontario HST: How to calculate new homebuyer's HST housing rebate?
I'm buying a home from a develpoer, and I qualify for the first time homebuyer rebate. I'm wondering how Ontario's HST rebate for first time homebuyers is calculated.
The paragraph below is taken ...
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Is the GST credit any higher than usual starting July 2010?
I've heard through the grapevine that starting July 2010 GST credit cheques will be higher than usual because of this new HST? Does anyone have a confirmed answer to this? Thank you.
April
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Ontario HST rebate: I live in Quebec. Are the rebate cheques for Ontario residents only?
HST cheques are for Ontario residents only? Thought it was Canada. I live in Quebec. So we don't receive a cheque? But will have to pay the HST on all items purchased?
ml
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Ontario HST rebate: My husband is moving to Canada and does not yet file Canadian taxes. Will we still qualify for the HST rebate?
I was just married this past October, but my husband is from the US and would obviously not have filed for income tax in Canada. As he is trying to immigrate here, I am currently the sole support for ...
Zana
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Ontario HST rebate: Do common-law couples qualify for the couples (family) rebate?
Do common-law couples qualify for the couples rebate?
Eric
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Ontario HST rebate: Newly married. Can I change to married status for HST rebate?
I recently was married in April 2010. I received my HST rebate of $100 as a single individual, and my husband didn't receive any. As a couple we would qualify for the $330. Can I change to the ...
Tammy Mairs
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Ontario HST rebate: Canada Student Loan debt in default. Can they take my transition rebate?
I don't owe the Ontario government anything - not even student loans - but I do have a defaulted Canada Student Loan in default. Can they take my transition rebate?
Jennifer
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Ontario HST Rebate: Is the HST rebate taxable / to be included in one's income?
Is the HST rebate taxable?
s lamb
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Is the HST going to affect college or university tuition fees? Can I pay early to avoid it?
I have been looking and can't find any info on whether HST is applied to college / university tuition. If so, can I pay by the end of June to avoid it?
janet
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Ontario HST rebate: Do you still get the HST cheque if only one spouse has filed their taxes?
What happens if one spouse has filed their taxes and the other has not? Do you still get the family HST rebate cheque?
Lisa
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Ontario HST rebate: Is eligibility based on gross or net income?
Is the HST rebate eligibility - of up to $166,000 combined income per couple - based on gross income or net income?
Anne
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Ontario HST rebate: How does it work for a single parent with joint custody?
I'm a single father with joint custody of my son... Just wondering what rebate I will get? ... the $100 or $300...?
james
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Ontario HST rebate: Does a single parent of an 18 year old qualify for the maximum payment?
As a single parent of an 18 year old, am I still considered a single parent?
Sonia