The GST uses a value-added tax structure that will allow most businesses to claim input tax credits (ITC) on the 5% HST paid. This is unlike the PST which applies to many purchases made by a business and is not refunded.

In controlling related costs we can assist your company in the compilation of information and preparation of sales tax returns.

We can assist you in the preparation and filing of HST returns and other government remittances.

• Plan for your HST liability/refund
• Prepare your Business Activity Statements

Make sure your refunds and rebates aren’t held back. File your GST/HST returns!

As a GST/HST registrant, you are likely familiar with your responsibility to collect, report, and remit GST/HST on taxable supplies. But, did you know that you are required to file a GST/HST return with the Canada Revenue Agency (CRA), even if you do not have any GST/HST to report or remit for a particular filing period? That means if you temporarily stop your business, you still need to file your GST/HST returns.

If you have not filed your GST/HST returns, any refund or rebate you are entitled to will be held until we receive your required returns. This includes your T2 corporation income tax refund if you are a corporation, and your T1 personal income tax refund if you are a sole proprietor or partnership.

It’s important to keep your taxes on track to receive the refunds and rebates you’re entitled to receive, when you’re expecting to receive them.

We are always available to answer your questions. Feel free to contact us by email or telephone at 519-429-3800.