Business Registration – Goods and Services Tax and Harmonized Sales Tax – GST/HST

Most persons and organizations engaged in commercial activities in Canada who have annual worldwide, taxable sales of more than $30 000 must register for and collect the Goods and Services Tax / Harmonized Sales Tax (GST/HST).

All taxi operators must register for GST/HST, regardless of their revenues.

The GST/HST applies to most transactions throughout the production and marketing process. Businesses and organizations who are required to, or voluntarily choose to, register for the GST/HST are referred to as registrants. Businesses must register to obtain a Business Number with a GST/HST account. Registrants can claim a credit to recover the GST/HST that is paid or payable on purchases that are used to provide taxable goods and services.

Effective July 1, 2006, the rates of the GST and the HST will be reduced from 7% to 6% and from 15% to 14% respectively.

If you want to register for a GST/HST, call the number 1-800-567-4692.