If you are engaged in a commercial activity in Canada, with annual sales and revenues of GST-taxable goods and services of more than $30,000, you are required to register for GST. In other words, any individual, business, association, partnership, company, corporation or organization whose revenues exceed $30,000 has to register. Companies, corporations and partnerships must register for GST as a whole, based on their total annual GST-taxable sales and revenues.

Collection

Every seller of goods or services is responsible for charging, collecting and remitting the GST.

GST Returns

Each registrant must file a GST return. The frequency and alternative filing requirements are set out in the chart below.

  Annual Taxable
Sales and Revenue      Assigned Reporting Period      Optional Reporting Period  

More than $6,000,000               Monthly                                   None
$6,000,000 or less                   Quarterly                                 Monthly
$500,000 or less                      Annually                         Monthly or Quarterly

The above provides general information only. It should not be regarded or relied upon as accounting or taxation advice or opinions. Logan Katz LLP Chartered Accountants would be pleased to provide more information or specific advice on matters of interest to you.

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