Community of Public Accountants
Who Must Register for GST and QST? If you’re an entrepreneur, freelancer, or corporation carrying out commercial activities in Québec, you are generally required to register for GST and QST. Registration becomes mandatory in the following situations: You must register if: You must register regardless of your sales volume if you: When to Register? QST…
In late November of 2024, the Federal government announced a temporary exemption period from December 14, 2024, to February 15, 2025, for specific items that typically incur GST or HST. Regrettably, this decision was made without thorough consideration prior to the announcement or the introduction of legislation. The projected savings for taxpayers are minimal, while…
Canadian governments (Federal, Provincial, and Municipal) charge you taxes for different reasons. Some of the most well-known taxes are the following: I explain Sales Tax in this article. When you purchase a good or service you need to pay an extra percentage on top of the original price to the merchant or service provider. The merchant in…