This tax is passed along to the consumers of the products and services so sometimes it is also referred to as a consumption tax (as opposed to income tax which is a tax on your earnings).
Do Eligible Input Tax Credits Is the GST I paid on fuel, vehicle repairs, equipment rentals materials purchased to complete contract - considered an 'eligible expense' with respect Can I file a NIL GST Return GST/HST Registered - Can I file a 'NIL' GST/HST Return?Accordingly, the bank rate remains.25.I am in the process of setting up a new business.If not combined with other tax strategies.I have a question regarding charging our clients HST on some expenses (or reimbursements).You can government gas rebate checks find the Quick Method rates for BC and the other provinces on The GST HST Quick Method Rates page.The following is a list of additional conditions Purchasers must meet to qualify for the NHR: (a) the Purchasers bought a new or substantially renovated house from a builder and HST is due on closing; (b) the builder sold the Purchasers the house and related.I collected GST/HST and paid GST/HST Newbie to Bookkeeping Hi, I am currently running my own company which I have recently set-up.Applying for the Canada Child Benefit As of July 2016, the former Universal Child Care Benefit (uccb) and the Child Tax Benefit (CTB) were replaced by the new Canada Child Benefit (CCB a non-taxable, means-tested benefit paid to Canadia.Following that review, a number.The application for the nrrp Rebate must be filed within two (2) years after the house purchase closes.Decrease in inflation rate for March 2017 The most recent release of Statistics Canadas Consumer Price Index shows a drop in the overall inflation rate for the month of March 2017.The province of Ontario charges and pays interest on underpayments and overpayments of tax at rates prescribed by statute and set at the beginning of each calendar quarter.Inflation rate down slightly for May The most recent release of Statistics Canadas Consumer Price Index shows that the overall rate of inflation slowed slightly during the month of May.GST HST invoicing requirements are discussed in How to Create an Audit Trail.
AB - Fiscal update for third quarter of 2015-16 released The fiscal update for the third quarter of 2015-16 which was recently released by the province indicates that the province will run a deficit.3 billion for 2015-16.
The change in premiums follows a report by the Office of the Superinte.ON - 2016 Individual Tax Rates and Brackets Effective January 1, 2016, the provincial tax rates and income thresholds for Ontario are as follows: 0 to 41,536.05; 41,537 to 83,075.15; 83,076 to 150,000.Consequently, the bank rate remains.I have not had any business yet GST Exempt Services First off, I'd like to thank you for all the wonderful information found on your website!He is the only shareholder/director.Those figures show that while Alberta has recorded gains in jobs, housing, and expor.Obtaining the 2016 income tax return form The Canada Revenue Agency (CRA) formerly mailed hard copies of the individual income tax return form and guide to Canadian taxpayers, but that service is no longer provided.My question is, how do I do an adjustment in Simply Accounting, HST Payable - Negative I am doing my HST quarterly and my starting balance for HST account is -545.13 in "transactions by account".AB - Upcoming change to Alberta small business tax rate As previously announced, the provincial government will be reducing the Alberta small business rate, effective January 1, 2017.The Budget date announcement can be found on the Ontario Financ.Purchasers who rent out a new home so that the first occupant of the new home is a tenant are entitled to the nrrp Rebate but cannot obtain the nrrp Rebate from the builder.
As of January 1, 2017, the government.
I already claimed all of our business expenses such as bank Reporting HST on T2 When doing your business tax (on the short form) is revenue gross or net of HST?