GST HST Return Filing from Scarborough

Save Time and Money by Claiming All Your Input Tax Credit (ITC) and Filing GST/HST Returns Online!

At Kennedy Tax and Accounting Inc., we understand that managing your GST/HST returns and ensuring compliance with tax regulations can be a daunting task. That’s why we offer expert assistance to simplify the process for you and your corporation. We can guide you through this process and provide comprehensive support with all your tax-related needs. We can prepare your GST/HST returns, maintain accurate record-keeping systems, and ensure compliance with complex tax rules and regulations.

Simplifying the GST/HST Registration Process for Small Businesses

If you’re a small supplier, you may not require a GST/HST account if your revenue from taxable supplies is less than or equal to $30,000 in a calendar quarter and the last four consecutive quarters. However, if you exceed this threshold limit, it becomes your responsibility to register your GST/HST account within 29 days of making a sale. With our expert assistance, you can rest assured that you’re maximizing your tax benefits while staying fully compliant with tax laws. As a result, you can save time and money and focus on growing your business with peace of mind.

Our HST / GST / PST Returns Services Include:

• Planning to minimize your GST / HST returns.
• Setting up accurate record-keeping systems for GST / HST returns.
• Prepare periodic or annual returns in timely manner.
• Register your business for HST purposes.
• Provide guidelines for getting maximum benefits.

How an HST return is handled here

Ontario HST is 13 percent. A small supplier whose taxable supplies are $30,000 or under across a calendar quarter and the last four quarters generally does not have to register. Cross that line and the HST account is due within 29 days of the sale that went over. Ride-share driving has its own registration rule, covered on the Uber tax page. The firm sets up the records, prepares the periodic or annual return, and registers the business when that is part of the job. Input tax credits are claimed only where the invoice supports them. Clients who sell into a PST province need that province’s rules as well as Ontario HST. A longer explainer is the GST, PST and HST guide.

Kennedy Tax & Accounting Inc. works from one Scarborough office near Kennedy Station. You can come in or send the documents. English, Bengali and Tamil are spoken. Manoranjan (Mano) Talukder, CPA, leads the firm, which has done this work since 2010. Personal income tax returns start at $49.99 + HST. Other work is quoted before it starts.

Book from the contact page. If the CRA writes after a return is filed, bring that letter in. The firm explains how the return was prepared.

What to put in the HST package

Sales invoices that show the tax collected. Purchase invoices you want used as input tax credits. The reporting period the CRA assigned, monthly, quarterly or annual. The access details if a platform such as Uber gives you an HST period. A credit is claimed only when the invoice supports it. A number written on a spreadsheet, with no invoice, is not entered.

Clients who sell into British Columbia, Saskatchewan, Manitoba or Quebec may also have that province’s sales tax to think about. This page does not set those rates. Bring the province and the invoices, and the office will say whether an Ontario HST return is the whole job.

The old site printed a quarterly starting price. It is not used. The return is quoted from the number of invoices and the reporting period. Registration is part of the same conversation when you have crossed the $30,000 line or when you choose to register earlier. Ride-share registration is not assumed to follow the small-supplier line. That case is on the driver page.

After the return is filed, keep the confirmation with the invoices. The general period the firm quotes for keeping records is six years from the end of the last tax year they relate to.

Input tax credits are the tax you paid on business purchases, claimed against the tax you collected. The original page built the service around claiming those credits and filing the return. A credit without an invoice is left off. A sale without the tax collected, when the sale was taxable, is not left off. The office will match the two before the return is sent.

Periodic returns follow the period the CRA assigned. An annual filer does not get a monthly return invented for them. If you have missed a period, say so. The missed period is prepared with the current one and quoted as the number of periods it actually is. Registration within 29 days of the sale that crossed $30,000 is the rule the original page stated for a small supplier who is no longer small. The firm can do that registration. It is not included in a personal tax return’s $49.99 starting price. If you collected HST and have not filed the period, bring that period first. The current period can follow. The office will not skip a period that has tax collected in it. Keep the filing confirmation with the invoices for that period.

A purchase for personal use is not an input tax credit, even when the receipt shows HST. Separate those receipts before you send the package.