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TAX LETTER March 2013 EMPLOYEE OR INDEPENDENT CONTRACTOR? SALES TAXES GST, HST, PST OR ST? STARTING A HOME BUSINESS POINTS TO PONDER AROUND THE COURTSEMPLOYEE OR INDEPENDENT CONTRACTOR? If you do

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How to fill out sales taxes gst hst

01

Determine if you are required to collect sales taxes GST/HST based on your province or territory's rules.

02

Register for a GST/HST number with the Canada Revenue Agency (CRA).

03

Keep track of all taxable sales you make.

04

Calculate the amount of GST/HST to charge on each sale.

05

Submit your GST/HST returns on time and remit the collected taxes to the CRA.

06

Keep thorough records and receipts for your sales taxes GST/HST for auditing purposes.

Who needs sales taxes gst hst?

01

Businesses that sell goods or services in Canada and meet the threshold for annual taxable sales are required to register for and charge sales taxes GST/HST.

02

Individuals or entities who import goods into Canada may also need to pay GST/HST on their imports.

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What is sales taxes gst hst?

Sales taxes, GST (Goods and Services Tax) and HST (Harmonized Sales Tax) are consumption taxes levied on the sale of goods and services in Canada.

Who is required to file sales taxes gst hst?

Businesses that sell goods and services in Canada are required to file sales taxes such as GST and HST.

How to fill out sales taxes gst hst?

To fill out sales taxes like GST and HST, businesses must accurately record their sales and expenses and report them to the Canada Revenue Agency.

What is the purpose of sales taxes gst hst?

The purpose of sales taxes like GST and HST is to generate revenue for the government and to help fund public services and programs.

What information must be reported on sales taxes gst hst?

Businesses must report details of their sales, expenses, and taxes collected on their sales taxes like GST and HST.

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