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What is HST Filing?
HST Filing is a mandatory process for any business owner. If you expect to make more than $30,000 in annual income as an entrepreneur or company proprietor then it’s important that you apply for HST Registration and take the appropriate steps necessary in order to collect all of this revenue tax-free.
Is HST Filing important?
HST Filing is necessary for every business and if you want to stay on the good side of the law and the CRA then it is essential that you charge HST and also that you record and file the tax amount appropriately and on time.
The amount of HST you charge varies highly depending on which province you operate your business in.
The maximum amount of HST in Canada is 15% and the lowest HST is 13%.
Who should I trust to get my HST filing done?
HST Filing is best done through a professional accountant. At WebTaxOnline, we take care of your HST filing and ensure that all the numbers are correct. We also make sure that your HST filing is done on time and using the best possible method which can help you save on your taxes.
Let’s get in touch
We don’t just guarantee the quality of our work, but we also promise highly competitive rates which will definitely be affordable for your business. send us a message with your inquiry or call us today.
What is the best way to File HST?
There are two main methods for HST filing.
- The HST filing quick method.
- The HST filing regular method.
We use the best method to help your company save on their taxes. HST filing online and electronic HST filing are quick ways through which we can process your file with the CRA.
Each business has a different financial situation with different transactions. Depending on how many taxable expenses you have we can choose the correct HST filing method and help you save a lot of money at the end of each year.
What is the HST Filing deadline?
The deadline for your HST filing will actually vary significantly depending on which method you use for filing. You can file monthly, quarterly or annually.
With monthly and quarterly reporting, your HST quarterly filing dates are one month after the end of the reporting period. With annual reporting, your HST filing is due 3 months after the fiscal year end-in all cases except if you have a fiscal year end of December 31.
Let’s get in touch
If you need your HST filing done and you’re not sure about the best way to get on track, then you can give us a call or send us a message. The accountants at WebTaxOnline can get your work done for you at very competitive rates. We’ll be sure to get back to you within 24 hours with the relevant information regarding your HST filing.