GST/HST Filing Services in Toronto

The records required depend on your business, but commonly include sales reports, invoices, supplier bills, receipts, expense records, bank and credit-card activity, previous GST/HST returns and bookkeeping reports. Supporting documentation is especially important when Input Tax Credits are being claimed. If your records are incomplete, our bookkeeping services in Toronto can help organize them before filing.

Input Tax Credits, commonly called ITCs, allow eligible GST/HST registrants to recover GST/HST paid or payable on certain purchases and expenses used in their commercial activities. Eligibility depends on the transaction, business use and supporting documentation, so an expense should not automatically be treated as an ITC simply because GST/HST appears on it.

Monthly and quarterly GST/HST filers generally file and pay one month after the end of the reporting period. Annual filers generally file and pay three months after fiscal year-end. A special rule applies to certain self-employed individuals with a December 31 fiscal year-end: the return is generally due June 15 while the balance owing is due April 30. Your CRA account can be used to confirm the reporting period and specific due date assigned to your account.

Yes. We can help review one or several outstanding reporting periods, identify records that are missing and prepare the information needed to bring GST/HST filings up to date. Where the underlying books have fallen behind, bookkeeping cleanup may be required before reliable return figures can be prepared.

The cost depends on the work required rather than one standard fee for every business. Factors may include transaction volume, filing frequency, number of reporting periods, condition of the bookkeeping records, Input Tax Credit documentation, adjustments and whether previous periods are overdue. Contact our team for a quote based on your actual filing requirements.

Under the general small-supplier rules, the $30,000 threshold is an important factor in determining whether GST/HST registration becomes mandatory for a business making taxable supplies in Canada. The timing of when the threshold is exceeded matters, and some businesses may also register voluntarily while still qualifying as a small supplier. Registration requirements should therefore be reviewed based on the business's actual circumstances.

Yes. If you are registered for GST/HST, a return is generally required for each reporting period even when there were no business transactions, no income or no net tax to remit. A return with nothing to report is commonly referred to as a nil GST/HST return.

Yes, eligible previously filed GST/HST returns can be adjusted when an error or omission is identified. You generally should not simply submit another return for the same reporting period. The original filing should be reviewed and the appropriate adjustment process used. If a correction is connected with CRA correspondence or a review, our CRA audit and review assistance may also be relevant.

Yes. An accounting professional can help review the records supporting your return, calculate GST/HST collected and eligible Input Tax Credits, prepare the reporting-period figures and assist with filing once the necessary information and authorization are in place. Incorporated businesses can also coordinate their sales-tax work with corporate tax return services and year-end accounting.