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#Canada revenue agency hst number professional

Learn what to do if you’re late registering for the GST/HST. If they eventually notice that you’re unregistered when you should be registered – and this happens a lot – the consequences can be very expensive.

The more accurate thing to say is that the government doesn’t come after you right away. We have just said that the government doesn’t send you a warning, which is why the onus is on you to register. Just be ready when you call to tell the agent what kind of business you do, a ballpark idea of how much you expect to bill annually, and how often you would like to file a GST/HST return (we generally advise clients to file annually, for simplicity’s sake). You’ll actually get your GST/HST number on the spot. You can call CRA’s business inquiries line at 1-80 and do it in five minutes on the phone. If it’s time (or past time) for you to register for the GST/HST, the good news is that it’s easy to do. The government won’t send you a notice or a warning – not right away, at least. Once you cross the threshold, it is your responsibility to register voluntarily.

Revenue from sales that are ‘exempt supplies,’ i.e not subject to GST/HST, such as financial services or music lessons.

Grants that do not require you to create a work and give it back to the grantor.

Income that isn’t from self-employment (i.e., salary from a job, investment income, or social support).

Your gross income (meaning, before deducting business expenses) from freelance or self-employment.

December and January fall within consecutive calendar quarters (fourth quarter of one year, and the first quarter of the subsequent year), so it’s time to register. For example, if you make a major $15,000 sale in December and another $15,000 in January, you have just crossed the threshold. Please note that when we say four consecutive calendar quarters, that doesn’t mean they all have to fall within the same calendar year. Once you cross the Small Supplier Threshold you must get a GST/HST number and start charging your customers and clients. If your revenue falls below this level you are considered to be a ‘small supplier’ and therefore not obliged to register.

That limit, known as the Small Supplier Threshold, is $30,000 per year (specifically: in four consecutive calendar quarters). When do you have to register?Īs most people who are self-employed, freelance, or running a business in Canada, there is an income limit below which you don’t have to be registered for the GST/HST. In this, part one of a two-part Tip about the GST/HST, all your questions of ‘When and How’ will be answered.

#Canada revenue agency hst number professional

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