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GST/HST in BC What to expect & how to prepare: using QuickBooks 2010 Presenter: Eileen Copenhagen, CGA, Certified QuickBooks Advisor June 24th, 2010 11:30 am Tour speaker today... Intuit Canada is
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How to fill out gsthst in bc
How to fill out gsthst in bc
01
Step 1: Collect all necessary information and documents, including receipts and invoices for sales and purchases.
02
Step 2: Determine whether you need to register for a GST/HST account. If your annual worldwide gross revenue exceeds $30,000 or you provide taxable supplies in Canada, you need to register.
03
Step 3: Access the online GST/HST filing system provided by the Canada Revenue Agency (CRA).
04
Step 4: Log in with your CRA user ID and password, or register for an account if you don't have one.
05
Step 5: Follow the instructions to complete the GST/HST return form, ensuring that you accurately report your sales, expenses, and any applicable rebates.
06
Step 6: Verify all the information provided and make sure it is correct.
07
Step 7: Submit the completed GST/HST return form electronically through the CRA's online system.
08
Step 8: Keep a copy of the submitted return for your records.
09
Step 9: Pay any applicable GST/HST owing by the due date, which is usually within a month after the end of the reporting period.
10
Step 10: Review any notices or correspondence from the CRA regarding your GST/HST filing and take appropriate action if required.
Who needs gsthst in bc?
01
Businesses with an annual worldwide gross revenue exceeding $30,000 are generally required to register for a GST/HST account in British Columbia.
02
Businesses that provide taxable supplies in Canada, such as selling goods or services, also need to register for a GST/HST account.
03
Individuals or non-profit organizations that are not considered small suppliers may also need to register for a GST/HST account.
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