Taxes
Taxes don’t have to be scary. They’re not a bad thing! With the right information, it becomes much easier to stay organized and on top of both your business and personal finances.
Taxes don’t have to be scary. They’re not a bad thing! With the right information, it becomes much easier to stay organized and on top of both your business and personal finances.
GST (or Goods and Services Tax) is a tax that Canadians pay on most goods and services. Most provinces combined their GST and PST (Provincial Sales Tax) into what we call HST (Harmonized Sales Tax). Businesses or self-employed individuals who make more than $30,000 are required to charge GST/HST to their customers and report that to the CRA. However, you can recover the GST/HST that you paid on expenses related to your business.