Stay CRA compliant with accurate, on-time GST/HST filing. We handle registration, filing, and remittances for businesses across Mississauga and the GTA.
Book a Free Consultation📌 GST/HST late filing penalties start at 1% of the amount owing. Avoid penalties — let ANCPA file your returns accurately and on time.
If your business earns more than $30,000 in any 12-month period, you are required to register for a GST/HST account with the CRA and collect HST from your customers. Asim Nazir CPA Professional Corporation provides complete GST/HST services for businesses across Mississauga, Toronto, Brampton, Oakville, and the GTA.
Available for businesses with annual taxable supplies under $1.5 million. Your return is due 3 months after your fiscal year-end.
Required for businesses with annual taxable supplies between $1.5 million and $6 million.
Required for businesses with annual taxable supplies over $6 million, or businesses that choose to file monthly for better cash flow management.
One of the most important aspects of GST/HST filing is claiming all eligible Input Tax Credits — the HST you paid on business purchases and expenses. Many business owners miss ITCs they are entitled to, resulting in overpaying HST. Our team ensures you claim every eligible ITC to minimize your net HST payable.
Small businesses with annual taxable revenues under $400,000 may be eligible to use the Quick Method of HST accounting, which can result in significant HST savings. We analyze whether this election is beneficial for your business and handle the filing.
You must register for GST/HST within 29 days of the date your revenues exceed $30,000 in a single calendar quarter or in four consecutive quarters. You can also register voluntarily before reaching this threshold.
The HST rate in Ontario is 13% — combining the 5% federal GST and 8% provincial component.
The CRA charges a penalty of 1% of the amount owing plus 25% of that 1% for each full month the return is late, up to a maximum of 12 months. We ensure your returns are filed on time every time.
Most business services in Ontario are taxable at 13% HST. However some services are exempt (like certain healthcare and educational services) or zero-rated (like basic groceries). We will advise you on the correct HST treatment for your specific services.
Asim Nazir CPA Professional Corporation offers a full range of accounting and tax services across Mississauga and the GTA.
Contact Asim Nazir CPA Professional Corporation today for a free consultation. We serve Mississauga, Toronto, Brampton, Oakville, Vaughan and the entire GTA.
Book Free Consultation Call 905-699-4750