The Goods and Services Tax (GST) and Harmonized Sales Tax (HST) are important sales taxes that impact consumers and businesses across Canada. Complying with GST/HST regulations can be complex for businesses, especially small and medium-sized ones with limited resources. However, strategies like tax-in pricing, understanding place of supply rules, choosing your desired filing frequency, registering within 30 days of your start date, and voluntarily registering even if revenue is under $30,000 can help streamline compliance. Detailed record keeping also makes audits easier.

 

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GST/HST For Canadian Business: A Detailed Guide - CJCPA

How can Canadian businesses leverage the GST/HST system to their advantage? According to a recent survey by the CFIB, 37% of small businesses said that the impact of GST/HST on their cash flow was a major burden. CRA offers several resources and supp