What is GST HST remittance?
Collecting and remitting GST or HST allows a business to recover the GST or HST it pays on business expenses. In Ontario, businesses which register with Canada Revenue Agency, or which are eligible to register, can collect 13% HST from customers and recover the amount of HST they paid on business expenses.
What is a GST 34 form?
GST34-3 Goods and Services Tax/Harmonized Sales Tax (GST/HST) Electronic Filing Information. GST59 GST/HST Return for Imported Taxable Supplies, Qualifying Consideration, and Internal and External Changes.
How much is GST HST in Ontario?
Current HST, GST and PST rates table of 2021
| Canada’s Province | Rate type (HST, GST, PST) | Total |
|---|---|---|
| Northwest Territories | GST | 5% |
| Nova Scotia | HST | 15% |
| Nunavut | GST | 5% |
| Ontario | HST | 13% |
What is remittance slip?
In short, remittance advice is a proof of payment document sent by a customer to a business. In a sense, remittance slips are equivalent to cash register receipts. They’re particularly helpful when it comes to matching up invoices with payments.
How do I file HST in Ontario?
Instructions for completing a GST/HST Return
- On this page.
- Enter your personal business information.
- Enter your total sales and other revenues (line 101)
- Calculate your net tax (lines 103, 104, 105, 106, 107, 108, and 109)
- Enter other credits (lines 110, 111, 112, and 113 A)
- Enter other debits (lines 205, 405, and 113 B)
What is the deadline for filing HST return?
| Filing deadline | Payment deadline | Example |
|---|---|---|
| June 15 | April 30 | Reporting period: December 31 Filing deadline: June 15 Payment deadline: April 30 |
How do I pay my CRA remittance?
You can remit electronically using your financial institution’s online or telephone banking services. You do not need a remittance voucher to pay online. You can also remit electronically using the CRA’s My Payment option.
How do I pay my CRA remittance online?
How to pay using online banking:
- Sign in to your financial institution’s online banking service.
- Under “Add a payee,” look for an option such as: Federal – Corporation Tax Payments – TXINS. Federal – GST/HST Return – GST 34 – (GST34)
- Carefully enter your account number to avoid a misapplied payment.
How do I fill out a GST remittance form?
When do I have to remit my GST / HST payments?
Most GST/HST payments are due at the same time as your GST/HST returns. Your payment deadline is different than your filing deadline if you are either: You must remit (pay) the GST/HST for any invoice you include in your return, even if you have not yet been paid.
What happens if you file a GST return on paper?
Filing a paper GST/HST return when required to file electronically, or using the incorrect electronic filing method, may result in processing delays, net tax assessments, penalty and interest charges, and the retention of other refunds or rebates that you may be expecting from us.
Where can I file my HST return in Canada?
GST/HST NETFILE is an Internet-based filing service that allows registrants to file their goods and services tax/harmonized sales tax (GST/HST) returns and eligible rebates directly to the Canada Revenue Agency (CRA) over the Internet.
How to file a GST / HST return for a pension entity?
A pension entity that is entitled to a pension entity rebate can make the election to share a rebate by using Form RC4607, GST/HST Pension Entity Rebate Application and Election. The pension entity would report on line 111 any rebate amount that it does not share with the employer.