On gst or hst?

Last Update: October 15, 2022

This is a question our experts keep getting from time to time. Now, we have got a complete detailed explanation and answer for everyone, who is interested!

Asked by: Prof. Oral Thiel IV
Score: 4.6/5 (7 votes)

The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.

Does HST have or GST?

There are three types of sales taxes in Canada: PST, GST and HST. See below for an overview of sales tax amounts for each province and territory. As of July 1, 2019 the PST rate was reduced from 8% to 7%. As of July 1, 2016 the HST rate increased from 13% to 15%.

What is GST HST?

The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It may also include payments from provincial and territorial programs.

Is GST number same as HST number?

A GST/HST account number is part of a business number (BN). If you don't have a BN yet, you will receive one when you register for your GST/HST account. If you are a non-resident and want to register for a GST/HST account, see Guide RC4027, Doing Business in Canada – GST/HST Information for Non-Residents.

What is GST and HST in Ontario?

The Harmonized Sales Tax (HST) is 13% in Ontario. ... Although the HST replaced the 5% federal goods and services tax (GST) and the 8% retail sales tax (RST) on July 1, 2010, RST still applies to certain premiums of insurance and benefits plans and on private purchases of specified vehicles.

How to File Your GST/HST Return Online

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How much GST refund will I get?

For the 2020 base year (payment period from July 2021 to June 2022), you could get up to: $456 if you are single. $598 if you are married or have a common-law partner. $157 for each child under the age of 19.

What percentage of HST is GST?

The current rates are: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon. 13% (HST) in Ontario. 15% (HST) in New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.

Can I get 2 GST number on same address?

They are entitled to get separate GST registration from the same address. ... The Authority held that there is no prohibition in the GST Act for obtaining registration in a shared office space or virtual office, if the landlord permits such sub leasing as per the agreement.

Can I have 2 GST number?

GST registration number incorporates PAN details, which deals with direct taxes. For the time being, the GST Act won't allow any taxpayer to avail two GST numbers against a single PAN card if the trading of non-exempted goods and services is limited to a single state or union territory.


Who needs a GST number in Canada?

Who needs to get a GST/HST number. You must collect sales tax if your business made over $30,000 this year from Canadian sources and if you provide a good or service that the government deemed taxable. This applies to all businesses structures, including sole proprietors, partnerships, and corporations.

What is the income limit for GST 2020?

The maximum amounts for the 2019-2020 benefit year will double to $886 (from $443) if you're single and will increase to $1,160 (from $580) if you're married or living common-law.

Who is eligible for GST refund?

you are at least 19 years old. you have (or had) a spouse or common-law partner. you are (or were) a parent and live (or lived) with your child.

Which Canadian province has lowest taxes?

The provinces of Alberta, Nunavut, Yukon and the Northwest Territories boasts the lowest rate of 5%, while residents of the Maritimes (Nova Scotia, New Brunswick and Newfoundland/Labrador) pay the 15%. Although 4 regions in Canada have a low rate of only 5%, only one of them is located in a central location – Alberta.


What is the purpose of HST?

The concept behind the HST was to streamline the recording and collection of federal and provincial sales taxes by combining them into a single, uniform levy across Canada. Foreign purchasers of Canadian products do not have to pay HST provided that the goods or services will be solely used outside of the country.

Do I need to charge GST as a contractor?

You do not charge or collect GST or HST on your income. You are subject to tax on most employment benefits. As an independent contractor you generally will not receive such benefits. Not surprisingly, the CRA will often take the position that you are really an employee.

How many GST can a person have?

2. Normally A person can obtain only Single GST Registration in a state or union territory under this act.

How many GST numbers can a person have?

GST is an indirect tax by nature and it is linked to PAN which is based on direct taxes. Normally, a person obtains only one GST registration in a state or UT if his business is restricted to only that state/UT.


Can an individual have a GST number?

According to the Goods and Services Tax Act 2017, any business with a turnover of Rs. 40 lakh and above must register for GST. ... In addition, following individuals also need to complete GST registration and acquire unique 15-digit GSTIN: Individuals making inter-state supply of taxable goods and services.

Can two companies have the same address?

Yes multiple companies may utilize the same address. AVVO is a general forum for discussion purposes only.

Can a person be proprietor in two firms?

Can One Person Registered Multiple Proprietorship Firm ? Ans Yes, One person can Register more than one proprietorship firm.

Is separate registration required for GST?

At present government insists separate GST registration in each state, if a person operates his business. For example, if XYZ company has business transaction of goods or services in Maharashtra, West Bengal and Tamil Nadu, he has to take registration of GST in all the three states.


How do I calculate GST amount?

The formula for GST calculation:
  1. Add GST: GST Amount = (Original Cost x GST%)/100. Net Price = Original Cost + GST Amount.
  2. Remove GST: GST Amount = Original Cost – [Original Cost x {100/(100+GST%)}] Net Price = Original Cost – GST Amount.

How do I calculate HST from a total?

Because the HST is 12 per cent in British Columbia, the formula would look like this: Price x 12 (HST percentage) / 112= HST. The original price before HST would be $150.00, and the HST would be $18.00, totalling $168.00.