Do Small Businesses Have To Charge HST?

Can you charge HST without an HST number?

If the business was registered for GST, they are automatically registered for HST.

If the supplier is not registered for GST, then no, you are not required to pay …

and good catch.

In general, GST/HST cannot be retroactively charged..

How much do you have to make before you charge HST?

You have to start charging GST/HST on the supply that made you exceed $30,000. You exceed the $30,000 threshold 1 over the previous 4 (or fewer) consecutive calendar quarters (but not in a single calendar quarter).

Do you have to charge HST if you make under 30 000?

Do you have to charge GST/HST if you have only a little business income? Most people know that, under the GST/HST, a “small supplier” with sales under $30,000 per year does not need to charge GST/HST on their sales.

How quickly can I get an HST number?

If it’s time (or past time) for you to register for the GST/HST, the good news is that it’s easy to do. You can call CRA’s business inquiries line at 1-800-959-5525 and do it in five minutes on the phone. You’ll actually get your GST/HST number on the spot.

Do I have to collect HST?

If your business will collect over $30,000 in revenue a year, you’ll be required to charge and remit GST/HST. But let’s say your business is a part-time gig, it might stay under that threshold and you’d then be considered a “small supplier”.

What items are HST exempt in Ontario?

You are not required to pay the Ontario portion (8%) of the HST on items such as books, children’s clothing and footwear, children’s car seats and car booster seats, diapers, qualifying food and beverages, and newspapers. The Canada Revenue Agency administers the rebate on behalf of the Government of Ontario.

Is selling something considered income?

The income tax laws work exactly the same way when you sell something online–whether in an online auction or otherwise–as when you sell an item in the physical world. If you sell at a gain–that is, you get more than you paid for the item–you have income.

Do I have to charge HST to out of province customers?

However, businesses selling goods or services to customers in separate provinces that use the HST must charge the HST rates of the shipping destination. For example, if a business in Ontario sells an item online to someone in Nova Scotia, the business would charge 15% HST, which is the rate in Nova Scotia.

Do small businesses charge GST?

You have to register for GST if your business or enterprise has a GST turnover of $75,000 or more a year, the ATO says on its website. Businesses that have a turnover of less than $75,000 a year are not required to register for the GST. … However, even if you are below the threshold, you can collect GST.

Do I have to charge HST in Ontario?

The HST is applied at 13% on most supplies of goods and services made in Ontario. … New businesses must register for HST unless they are small suppliers. A small business that makes $30,000 or less annually is not required to register for or collect Ontario HST.

Do you have to charge HST on used equipment?

If you sell a used personal use item then the transactions is generally not subject to GST/HST. There are, however, important exceptions to this rule. … If the sales of personal use property in a given year exceed $30,000 then you are required to be a GST/HST registrant and you are required to charge and remit GST/HST.

What is not taxed in Canada?

Some examples of GST/HST zero-rated goods and services are: Basic groceries – This category includes meat, fish, poultry, cereals, dairy products, eggs, vegetables (fresh, frozen, canned), coffee, tea, etc. (but does not include items not necessary for dietary needs, such as snack foods, liquor, sodas, candy, etc.)