How to Register for GST/HST in Canada for Your Small Business

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Jessica Moorhouse - Canadian Personal Finance

Jessica Moorhouse - Canadian Personal Finance

Күн бұрын

Пікірлер: 282
@Astral-Arcanum
@Astral-Arcanum 2 жыл бұрын
Where do I find the infomation to fill out "Actual annual worldwide and domestic GST/HST taxable sales" and "Actual annual domestic GST/HST taxable sales"? I'm stuck on this spot in the registration process. I haven't made any sales or anything yet, just getting everything setup before I fully launch my business.
@askewniverse2411
@askewniverse2411 2 жыл бұрын
Did you ever find out what to do? I'm doing this now and have a similar problem
@apsaraalim
@apsaraalim 2 жыл бұрын
Hi, did you find out what to do?
@Marina-mf6ig
@Marina-mf6ig 2 жыл бұрын
I also don't know what to put here. I surpassed the 30k as a small supplier. Do I put the 30k plus any sales I made after that or just the amount in taxable sales after the 30k?
@kingshadd
@kingshadd Жыл бұрын
I don't get this part either
@AndresDariusJoseph
@AndresDariusJoseph Жыл бұрын
Im stuck at that part plz someone help me
@theJoefamilychannel
@theJoefamilychannel Жыл бұрын
I just started a nilkwright service business. Definitely need to get my get number asap
@CbassPlaysGames
@CbassPlaysGames 3 жыл бұрын
Thanks a ton fellow Canadian! Been putting this off but been noticing an ever huger daily cut from my livestream donations/memberships and been trying to refigure this back out! MadLove from CbassPlays and dropped you some channel love! Thanks again, keep up the great work!
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Thanks so much!
@rebeccavader9941
@rebeccavader9941 3 жыл бұрын
My husband recently became a sole proprietor of a cleaning business. We are "green" to the self employment world! Your videos have been super helpful, thank you! Do you have any videos on the in's and outs of how to calculate business use of home expenses? For example... we have a small office and a garage used for both business and personal. At tax time I'm trying to determine just how to calculate such things as the amounts of cellphone, home insurance, heating, hydro, property tax that we can claim as expenses. Also some simplified info on CCA would be great!
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
A great idea for a future video! But to help there are some great articles that discuss this further, and another suggestion is to hire a tax accountant come tax time. It's money well-spent because they can point out things you didn't know, offer advice, plus their services are a tax deduction too. www.bdc.ca/en/articles-tools/money-finance/manage-finances/tax-deductible-expenses
@rebeccavader9941
@rebeccavader9941 3 жыл бұрын
@@jessicamoorhouse thank you!
@RAMARAPAROO
@RAMARAPAROO 3 жыл бұрын
Great video! Thanks. Just finished my first QST and PST returns with your help.
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Amazing! So glad my videos were helpful! :)
@BruniFamilyTV
@BruniFamilyTV Жыл бұрын
Thanks, this was very helpful. Unfortunately our corporation is too new so CRA didn't recognize our info.
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Likely if you just incorporated it could take a few days, but if you've been waiting a while I'd call the CRA.
@caroleivay4160
@caroleivay4160 2 жыл бұрын
Thank you for this video! There appears to be a few extra steps to get to the "register now" button - not sure if that changed in the last year since the video was posted. But a great video to share with my contractors at work.
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Ya, I'd imagine things have changed slightly over time.
@niravparikh6337
@niravparikh6337 3 жыл бұрын
Ver deep Explanation, excellent 👌
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Thank you 🙂
@AwakeningToSpirit
@AwakeningToSpirit Жыл бұрын
this was helpful thanks!
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
I'm so glad!
@jebbinjoseph4487
@jebbinjoseph4487 3 жыл бұрын
Keep making more videos like this! Awesome job.
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
I will, thanks so much for watching and commenting!
@shriyaghate8456
@shriyaghate8456 2 жыл бұрын
Super helpful! Thank you so much for this video
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Thanks, glad you found it helpful!
@pharmatais
@pharmatais 4 ай бұрын
Very informative! Thanks
@jessicamoorhouse
@jessicamoorhouse 4 ай бұрын
Glad it was helpful!
@LarPrez
@LarPrez 5 ай бұрын
On the CRA Business Account registration on your video, portion where you enter the SIN, and the Tax information ---if the Corporation is brand new (no taxes has been filed to CRA), do you enter the Income information specific to the applicant (personal income filed to CRA when the applicant is an Employee or prior to opening a corporation) ? thanks
@soulfamilynation1052
@soulfamilynation1052 6 ай бұрын
love these videos better than mr.beast and yes i left a like
@jessicamoorhouse
@jessicamoorhouse 6 ай бұрын
Don't think I've ever had someone like a video on GST/HST more than anything put out by Mr. Beastr haha! Thanks!
@seamossinthecity
@seamossinthecity 3 жыл бұрын
Thanks for the video!
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
You're so welcome, thanks for watching!
@PrabhjotSingh-kl6gu
@PrabhjotSingh-kl6gu 2 жыл бұрын
Hello Jessica this is a great video, I have one doubt if you answer, thank you in advance. I registered my incorporation and got a business number on registration, now to charge my customers GST/HST, do I need a separate GST/HST Number or I can use the same Business Number which I got when I registered my incorporation?
@keithdmello
@keithdmello Жыл бұрын
Exactly what I wanted thank you
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Happy to help!
@lamalight9939
@lamalight9939 3 жыл бұрын
Excellent and useful video thanks 👍
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Glad it was helpful!
@grahamferguson1444
@grahamferguson1444 Жыл бұрын
I have a relative who is about to buy a farm in Ontario and needs to know how to register for a Hst / Gst Number to maintain the farmland that is already farmed by a tenant farmer but only receives $3500. per year for 40 acres of the 99 acres of farmland. There is a house and a barn on the property as well.
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
I'd highly recommend talking to an accountant who works with farmers specifically for guidance.
@aliyayasmeen9921
@aliyayasmeen9921 2 ай бұрын
On that page I can't find how to register and know which link i should open to register gst plz can you help me
@mohamadal-ghoul3776
@mohamadal-ghoul3776 2 жыл бұрын
How can I get a business number? I received my certificate of incorporation and stuff but it doesn't have the BN anywhere?
@datasicko
@datasicko Жыл бұрын
Can you tell me what to enter in actual annual worldwide GST/HST taxable sales and actual domestic annual gst/hst taxable sales. I am confused as I just opened my business and I also want gst/hst. I am stucked in this part.
@cristophercastillo7334
@cristophercastillo7334 8 ай бұрын
did you figure it out cus I need to know
@nickcarlton9720
@nickcarlton9720 2 жыл бұрын
You are best guide!!
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Thanks so much!
@npc6874
@npc6874 5 ай бұрын
How would I fill out the income section of the form if all of my business income is from KZbin ads since it’s zero rated supply?
@just_chillin141
@just_chillin141 5 ай бұрын
Thanks for this useful information. i want to know a little bit more about one thing I'm on the verge of securing a contracting job, and I've been asked if I'll operate as a sole proprietor or as an incorporation. I've opted for sole proprietorship. Would having just a GST/HST number and business number suffice for this contract work, or do I need to formally register myself as a sole proprietor? When I inquired at the nearest registry, they mentioned a registration fee of around $110 for sole proprietorship.
@ramanmandora9569
@ramanmandora9569 11 күн бұрын
hi jessica , actually can you please tell me what is certificate number and where can i find this because i got stuck here . thanks
@kajansrirangan
@kajansrirangan Жыл бұрын
Hi Thanks for the video it's very helpful! For the actual annual domestic GST/HST taxable sales, what if you just started the business and are not sure what you will be earning?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Then don't apply for GST/HST until you surpass the threshold and are required to?
@breannablackwell5347
@breannablackwell5347 Жыл бұрын
@@jessicamoorhouse What if you've surpassed th 30k, but youre not sure what you will make in a year? (My buisness is only a few months old and flacuates like crazy) Do I just estimate?.
@Darker342
@Darker342 3 ай бұрын
Hello Jessica! I am a KZbinr and I only make money from the ads revenue. Should I register for gst-hst even if KZbin already collect the taxes on the ads revenue on the creator behalf? If yes what should I put in my actual domestic gst-hst ?
@RaiMusicForever
@RaiMusicForever Жыл бұрын
Hi Jessica, hope you are doing well. Just wanna ask where can I find the certificate number? I only see the corporate name and corporation number in the certificate. Thanks!
@dond8590
@dond8590 Жыл бұрын
I have the same question > please help
@justmakewon5843
@justmakewon5843 9 ай бұрын
Yeah this is a question I see over and over again. The government of Canada is horrible when it comes to details like this!
@oriolarabia
@oriolarabia 2 жыл бұрын
Thank you for the video! I am not sure if I know 100% what this part is asking ( Actual annual worldwide and domestic GST/HST taxable sales) is that the amount I made to date? ( Actual annual domestic GST/HST taxable sales ) also this one. Thank you again for making videos like this you make it way easier.
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Great question, and found the answer here community.ebay.ca/t5/Seller-Central/Registering-for-GST-HST/td-p/463751
@alyj6381
@alyj6381 2 жыл бұрын
@@jessicamoorhouse I have the same question as well! So i just put my total sales up to date? (i havent been in business for over a year yet, so i dont have an actual annual amount)
@rushdasiraj2891
@rushdasiraj2891 2 ай бұрын
Is GST/HST required if I’m a sole proprietor without making 30k yet. The reason why I want to apply for this is to get refunds on my business expenses. Thanks
@jessicamoorhouse
@jessicamoorhouse 2 ай бұрын
It's not required unless you meet or exceed that revenue threshold. You can still deduct business expenses without being registered for GST/HST, however you can't claim input tax credits.
@dammar117
@dammar117 2 ай бұрын
How do you determine annual sales if the year isn't over?
@solobellimino2356
@solobellimino2356 2 жыл бұрын
subbed because i now need an hst number
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Welcome to the club! There's nothing that makes you feel more like a real business owner than getting an GST/HST number :)
@kathyrineong
@kathyrineong Жыл бұрын
Hi! Can you provide a list of things to be done or a checklist to fully register the newly incorporated business? I really need a guide and i hope you can help. Do we need to hire bookkeeper and a lawyer as a newly opened business? Thanks for your help.
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Ownr has some great guides on this partners.ownr.co/jessicamoorhouse7002 but I'd highly recommend working with an accountant to help you set things up and provide advice and they can also recommend a lawyer to work with if you want them to incorporate your business instead of you doing it on your own either through the CRA's website or Ownr.
@huantao2274
@huantao2274 3 жыл бұрын
Thanks for the great video. If i need the GST/HST number, I have to wait until I get the security code, and login to see it. or we can get the GST account number immediately after this process ? thanks
@CbassPlaysGames
@CbassPlaysGames 3 жыл бұрын
You can call them directly and set it up on the phone!
@moonpics
@moonpics Жыл бұрын
Thank you, thank you, thank you!
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
You are so welcome!
@csdrt20
@csdrt20 7 ай бұрын
At 5 minutes and 15 seconds it talks about the certificate #, but I answered mine and it doesn't seem to be accepting it. I wish you spent a bit more time showing exactly what it looked like and where you got it from just to make sure I'm entering it from the right place and in the right way. Even if you put in dummy numbers it would be helpful.
@jessicamoorhouse
@jessicamoorhouse 7 ай бұрын
Your certificate number is simply your corporation number which is 7-digits but no punctuation. You can find it on your Articles or Certificate of Incorporation. So for example it would be nnnnnnn1 (not nnnnnnn-1). If you have further trouble, contact the CRA and they can help you. www.canada.ca/en/revenue-agency/corporate/contact-information.html
@AliBaba-p7w1v
@AliBaba-p7w1v 2 ай бұрын
Can my accountant do all of this for me?
@lisatruong4430
@lisatruong4430 3 жыл бұрын
I am just starting out and I want to just say thank you for your videos! I had searched and searched and just felt like there where no videos that helped me. There are not many videos like yours and I just feel like you get to the point and explain things the way I need them explained, so thank you!! I am just starting out and so no revenue yet. I have my business number and have applied for my license. I just wanted to confirm I can apply for my gst number now and do not have to wait until I have a revenue amount to enter? If so do I just place no revenue $0 when registering for my gst number at this time? Your time is appreciated and I look forward to your response. Thank you!
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Yes, you do no have to wait until your business earns revenue before you register for GST/HST. The benefit to do this could be when you do earn revenue and charge sales tax, you could get some of that money back through input tax credit from business expenses. And if you're asked on the GST/HST application what your business revenue is, you would put what it currently is, so if it's zero then put that.
@lisatruong4430
@lisatruong4430 3 жыл бұрын
@@jessicamoorhouse thank you!! On another note. How would you recommend a self employed owner of a small business just starting should pay themselves? I have watched your other videos and know when I get over the $3500 (I think it was) annual gross revenue I will just need to be sure I am taking a portion for CPP but I also need to be taking a portion for provincial and federal taxes right, so in your experience. I have heard not paying yourself until a 3 month cushion is there. During the cushion do I just track my hours or not be paid for those? When did you start paying yourself? How did you go about it/ the best way to do it to be sure all is clean and clear and minimal room for error? Did you keep track of your hours and create your rate of pay and then when you reached a specific revenue you paid yourself? Any feedback is appreciated. Thank you!
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
@@lisatruong4430 I paid myself right away because I didn't want to just live off my savings. I wanted to prove that this was a real business, which means you need to pay yourself a salary. But at the start because I didn't know how much my business would earn, I only took as much as I needed to pay my personal bills and contribute to my RRSP. I also monitored my income and expenses frequently to ensure, and if there was a lean month, then I didn't pay myself (and if there was a fat one pay myself). In terms of taxes, I use Wealthsimple Tax's calculator (used to be SimpleTax) and tried to figure out based on projections how much I might owe. But a good rule of thumb is set aside 25% for taxes. One book I would highly recommend is called Profit First. I think it will answer a lot of your questions.
@lisatruong4430
@lisatruong4430 3 жыл бұрын
@@jessicamoorhouse You are so helpful, thank you so much!! This is exactly where mind is as I still need to takecare of my personal responsibilities, but also want to build my business so it can be successful. You are so awesome for helping others and sharing your experiences and knowledge. Thank you, I appreciate it more than you know😊
@zhongxina8427
@zhongxina8427 2 жыл бұрын
Do you know if you can do this through represent a client? The client has a CRA account for their business but the business is not registered for GST/HST. CRA is hopeless.
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
I'd suggest contacting the CRA about this.
@mohammedrezakhan6188
@mohammedrezakhan6188 9 ай бұрын
Jess,, someone charge me HST and I live in Manitoba (GST+PST we charge) what amount or percentage we may account for GST - imput tax credit when we will consider the expenses. . I would love to know that.
@jotkaur3506
@jotkaur3506 Жыл бұрын
my husband is a truck driver, opened a corporation account- couldn;t call cra business line to get gst# because of strike, do i have to register for gst/hst account to get his gst# and if yes which option should i choose where it asks for select a business that apply to you.
@vanessaa6737
@vanessaa6737 3 жыл бұрын
Is the number on my master business license supposed to be used as the BN number for the application? When I enter in that number it says it is not matching records with the CRA
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
This article may help but short answer is no they are different www.ontariobusinesscentral.ca/blog/how-do-i-find-my-ontario-business-number/
@annamelentieva3906
@annamelentieva3906 Жыл бұрын
Hi, I'm from Ukraine. I'm working in small company in Canada. Do you provide training of reporting? Your videos are very helpful, but I need more details. Please, answer. Thank you !
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
For that, I would suggest the services of an accountant.
@alyj6381
@alyj6381 2 жыл бұрын
Not sure what to put for the annual sales sections... do i put how much taxable sales i have made so far annually, because my business is only 5 months old, so i have not been open for 1 year yet, how would i calculate my annual sales?
@grahamferguson1444
@grahamferguson1444 Жыл бұрын
Do you have the step by step process on video format that someone can follow in order to get the Farm Tax Rebate for the property. I understand they would have to get an opinion of value for the Farmhouse and either one acre or two acres alone and separate from the remainder of land ?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
I don't have a video on that specific tax program but found some helpful resources here www.mpac.ca/en/MakingChangesUpdates/QualifyingFarmTaxIncentivePrograms and ofa.on.ca/resources/farmland-tax-puzzle/
@alphabetsouptoday
@alphabetsouptoday 2 жыл бұрын
This is a really dumb question, but you create a new CRA account...I already have one for myself as an individual, but do I also need to make a separate account for my business?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
No question is dumb, and this is actually a great question! The answer is yes. You need a CRA My Business Account for your sales tax. www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account.html
@BetterManufacturing
@BetterManufacturing 2 жыл бұрын
@@jessicamoorhouse hello! So same question but a little more info needed. I have a my business account and GST/HST account for my sole-proprietor. Now I’m starting a new business (corporation) with my partner. And so do I just add the new business GST/HST account or do I have to make a new login for my corporation?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
@@BetterManufacturing If you're incorporated I'd first highly recommend working with an accountant and they can provide specific advice for you. As far as setting up a new CRA My Business account for your corporation when you are already a sole proprietorship, I'm not sure. I would assume it would be a new account since it's a separate legal entity. But I'd check with CRA support.
@judywielenga
@judywielenga 7 ай бұрын
I have a question. I am monetizing a platform to sell. In other words a course. What would I need for a business sole or corp
@jessicamoorhouse
@jessicamoorhouse 7 ай бұрын
It's up to you whether you want your business to be a sole prop or corporation. But if you're running your business right now and are already selling your course, then you're a sole prop. You're automatically a sole prop if you just start a business under your legal name. You may want to watch this video comparing both business structures kzbin.info/www/bejne/jaevqqdsp5h7ipo
@MeetPatel-lb5nb
@MeetPatel-lb5nb 2 жыл бұрын
Hey Jessica, How long does it usually take for them to process a Business Numbers?
@andyhammond
@andyhammond 2 жыл бұрын
I just registered, and it was fairly quick!
@MicahFilhaDaLuz
@MicahFilhaDaLuz 3 ай бұрын
Well I have a small solo that I just started I asked an account if I need registration for hst for write off the expenses and he says yes only registered the business would not write off the expenses and I need to register for hst as I make under 30k I would no need to collect from my clients (cleaning biz) a friend of mine said that as I registered for the hst I need to collect the hst tax. I am so confused
@jessicamoorhouse
@jessicamoorhouse 3 ай бұрын
So, not sure exactly what your accountant told you but it sounds like they may have been talking about input tax credit, not business deductions? If you're a sole proprietor, registered or not, you can write-off business expenses. However, if you want to reclaim some of the GST/HST you've paid on your business expenses, then you'd have to register for GST/HST, start collecting it from customers, but then you can reclaim any GST/HST you paid on business expenses from the amount you collected and remitted to the government.
@mizrobjon
@mizrobjon 6 ай бұрын
Im in similar situation - i was a freelancer/self employed and had my gst/hst registered under my name. Now i opened a corporation, so can i link my freelancer gst/hst account into corporation instead of opening a new one for corporation? Also all my sales/income are from abroad, so this means i dont charge gst/hst to my clients, but can claim gst/hst from my expenses? Thank you
@jessicamoorhouse
@jessicamoorhouse 6 ай бұрын
No, you have to close down your sole prop GST/HST account, and open a new one for your corp. And yes, you don't collect GST/HST on sales outside of Canada, only on sales within Canada. As for business expenses, the deductible expenses include any GST/HST you incur on these expenses minus the amount of any input tax credit claimed. You can find more info here though since you're incorporated I'd highly recommend working with your accountant to create a system to easily track everything in Quickbooks or some other software. www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/complete-file-input-tax-credit.html www.canada.ca/en/revenue-agency/services/tax/businesses/topics/sole-proprietorships-partnerships/business-expenses.html
@amytran6020
@amytran6020 Жыл бұрын
Hi, ive been running 2 airbnbs for the pass 2 yrs. never exceeded the 30000, so i didnt have ato register for Business number. and since july 2022, airbnb announced they will remit tax for us, so i never thought i had to register. I still did not exceed the $30000 in July 2022, but from Aug 2022, i started exceeding. i just found out that still have to register if i make over $30000 and have to remit tax myself now, so my question is, starting Aug 15th, bc i have already exceeded the ammt, i am now late registering, during this time, airbnb had been collecting tax for me. just wondering what happens now that i am late? and what should i write for effective Date? Would i be able to write Aug 15 2022 or starting todays date if i apply today.. thanks for your help
@tony-thefiglovinstargazer
@tony-thefiglovinstargazer Ай бұрын
Hi, will I need a GST account if the annual prospective rev is around 25K?
@jessicamoorhouse
@jessicamoorhouse Ай бұрын
The threshold is $30k, you can find more info here www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html
@melissalaking1748
@melissalaking1748 2 жыл бұрын
Hi there! Question- I have a sole proprietorship business and want to start collecting HST as I will be above the threshold this year. I also want to incorporate my business. Should I incorporate first and then get an HST number afterwards? Or does it not matter! Also, where can I incorporate? Thanks so much!!
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
First, highly suggest connecting with a tax accountant to help you with all this and give you specific advice. But yes in general, you'll want to wait until you incorporate because if you sign up for HST as a sole prop, then incorporate later, you'll have to close your sole prop HST account then open up a new one for your corp.
@subodhchoudhary7128
@subodhchoudhary7128 3 жыл бұрын
Super helpful
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Glad it helped!
@munbruk
@munbruk 2 жыл бұрын
Hi Thanks for the video. I had the same path a you. I was a sole proprietorship and I just incorporated recently (Ltd). my question what did you do to the sole proprietorship? Some told me to just ignore it and it would die out lol
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
If you didn't register your sole proprietor (you just did it under your personal legal name) then there would be nothing to close, unless you had GST/HST and PST accounts (those you would need to close). But for me, I registered my sole prop under a different business name so I needed to close it by cancelling my Master Business Licence, all my sales tax accounts, and my business bank account.
@milanpreetkaur6866
@milanpreetkaur6866 Жыл бұрын
I couldn’t find certificate number
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Contact the Canada Revenue Agency's Business enquiries line at 1-800-959-5525 for help with this.
@justmakewon5843
@justmakewon5843 9 ай бұрын
I couldn't find it either. This is a question I see repeatedly on these HST videos. The government of Canada constantly changes things on their website and forms and makes this more difficult than it should be!
@FurryMedia-ru5wi
@FurryMedia-ru5wi 2 жыл бұрын
Hi, Thank You for this video. I have one question. I already have my own personal CRA account before registering Business. I need to register another Business CRA account under incorporation??
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Yes, your CRA My Account (Personal) and CRA My Business Account (for Business GST/HST and Corporate Tax) are separate accounts.
@lynxacresb5331
@lynxacresb5331 2 жыл бұрын
For the sole proprietorship, entering the legal name… it said to put the name on the tax return. Does that mean like “Jane Smith”, the persons name? Or the name they registered the business with, so “Dolls villages shop” or whatever it is. Thanks!
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
The same name as your tax return so "Jane Smith"
@lynxacresb5331
@lynxacresb5331 2 жыл бұрын
@@jessicamoorhouse thanks!!
@therealrz
@therealrz 6 ай бұрын
What would you suggest if the business is new and doesn’t have an annual income yet but still wanting a GST number for sending to customers etc?
@jessicamoorhouse
@jessicamoorhouse 6 ай бұрын
I don't really see a benefit of registering for GST/HST if you're not earning any business revenue yet. I'd likely hold off until you started earning money in your business just because it is more admin work.
@Moehead-o2y
@Moehead-o2y Ай бұрын
@@jessicamoorhouse It could be a benefit if you are already incurring expenses for the business because it will allow you to claim the GST/HST paid on these expenses as ITCs and receive a refund of for this amount on your first HST return filed.
@niveditasahoo758
@niveditasahoo758 2 жыл бұрын
Hello Jessica, How can we check business details for sole proprietorship business customer? Can we access the tax portal or do we have any other work around?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Not sure what you're asking? What business details? Your tax portal would just be your CRA My Account for income taxes and CRA My Business Account for GST/HST.
@DigitalServices-yr8ch
@DigitalServices-yr8ch Жыл бұрын
Hi Jessica. Super helpful! Thank you. I'm in a similar situation at the moment. Transitioning from sole proprietorship (in my own name) to corporation. Can the same BN be used across both? I know you mentioned a new HST account is to be opened for the corp. Is there a need to close the HST account on the sole proprietorship? Any other steps to be kept in mind?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Yes, you'll need to close your sole prop and then register a new GST/HST account for your corp. Because it's considered a different or new business, that's why you can just transition it over. Would also recommend speaking with an accountant about other things you may to do like a S85 rollover.
@DigitalServices-yr8ch
@DigitalServices-yr8ch Жыл бұрын
@@jessicamoorhouse Thank you!!
@THETRAVELLINGDONKEYS
@THETRAVELLINGDONKEYS 3 жыл бұрын
do we need to have a HST number for a monetized small KZbin channel?
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Whether it's KZbin ad revenue or some other product/service, the same GST/HST rules apply.
@yvonnechen9144
@yvonnechen9144 Жыл бұрын
Hey Jessica,thanks a lot for your video. It’s very helpful. I am a sole proprietorship and just registered GST and BIN. currently I have two CRA accounts. One is my personal CRA acct and the second one is I created with GST & BIN registered. Do you know which account I should file my tax return as I’m a sole proprietorship? TIA
@yvonnechen9144
@yvonnechen9144 Жыл бұрын
Sole proprietor income is same as personal income. So should I file my tax return in my personal CRA account? And the second account should be only for GST/HST? Thanks!
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
@@yvonnechen9144 Yes, income tax would be through your CRA My Account. Your CRA My Business Account would be to file/pay your GST/HST.
@yvonnechen9144
@yvonnechen9144 Жыл бұрын
@@jessicamoorhouse thank you so much!
@sog6289
@sog6289 Жыл бұрын
hi I did this but I never got my business number. do I just add a random number or?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
If you registered for GST/HST, you can find your business number inside your CRA My Business account.
@bi2van
@bi2van 2 жыл бұрын
What if someone already has a CRA business account? How should we start the registration?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
You can find more info here about how to add another business to your CRA business account www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account/help-business-account.html#help2d
@catrachin7543
@catrachin7543 2 жыл бұрын
Hi Jessica, I'm trying to get a GST number for my small business but I have a little confusion, What is an "Actual annual worldwide and domestic GST/HST taxable sales" and "Actual domestic GST/HST taxable sales", What should I put in that sections? Thanks. I will Appreciate your answer.
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
This may help answer your question community.ebay.ca/t5/Seller-Central/Registering-for-GST-HST/td-p/463751
@makarandmulay8803
@makarandmulay8803 2 жыл бұрын
Thanks for the video tutorial. That was helpful. I am a contractor starting a new fixed term contract this month. I will be billing for my hours every fortnight. Question is can I start charging HST from day 1 or have I to wait until I cross $30,000 exemption? I haven't registered for HST yet!
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
You can only start collecting GST/HST once you've registered for it, but you can voluntarily register for it before you've hit the threshold.
@andyhammond
@andyhammond 2 жыл бұрын
@@jessicamoorhouse ive just registered a new business, though I am just getting started and have 0 income. Should I wait to register for GST/HST? Or do I just put 0 in the boxes
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
@@andyhammond ​ @Andrew Hammond Unless you know you' 'll benefit from input tax credits early, then it might be best to wait until you reach the $30,000 threshold for registering for GST/HST.
@lisbeth1284
@lisbeth1284 Жыл бұрын
Hi Jessica, thank you for your response. When I am creating the GST number and, it is time to put the Taxable sales. Which amount should I put, if my annual earnings for example is $60,000 CAD(taxes included). Should I put $30k (because only after $30k I must pay taxes) or Should i put $60k?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
You must include the total amount you earned for your business before you deduct business expenses during any 12-month period.
@Pixelplushockey
@Pixelplushockey 7 ай бұрын
Thanks for asking this. I had no idea what to do here
@bradhammer8344
@bradhammer8344 Жыл бұрын
I haven't sent my first invoice in as a new business. How would I know my annual revenue. Not sure if I will need to register for gst/hst. Do I just guess what I think I will make this year?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
You register once you pass the revenue threshold, unless you want to voluntarily register before so you can take advantage input tax credits. In other words, if you have just started your business, you don't have to register for GST/HST yet. But keep an eye on your revenue throughout the year and once you pass the threshold, then register.
@scottyfum
@scottyfum Жыл бұрын
Thanks !!
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
You're welcome!
@terrymcgillicuddy8056
@terrymcgillicuddy8056 Жыл бұрын
Hi, I am just starting my business. I would like to register a business name other then my own and use it. By using another name other than my personal, do I have to register for hst even if I am still under the $30,000? Thanks
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Your business name registration is not connected to you being required to register for GST/HST. Those are two separate things.
@jaspreetxx7724
@jaspreetxx7724 3 жыл бұрын
M driving with uber. Could you show how to apply for GST for non resident....
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Here's a resource that should help www.canada.ca/en/revenue-agency/corporate/contact-information/non-resident-gst-hst-enquiries.html
@venkateswarreddy7254
@venkateswarreddy7254 9 ай бұрын
Hi @09:14 in the video, you created your account name. Can you help me in changing the account name once the registration is done. Thank you
@jessicamoorhouse
@jessicamoorhouse 9 ай бұрын
If you change your operating name, you can do this inside your CRA My Business account www.canada.ca/en/revenue-agency/services/tax/businesses/topics/changes-your-business/change-operating-name.html
@pesarge
@pesarge Ай бұрын
what am i supposed to enter if i need a gst number but dont have any sales for goods or services yet?
@jessicamoorhouse
@jessicamoorhouse Ай бұрын
Why would you need a GST number if you have no sales? You can run a sole prop without registering for GST/HST. With that said, you can voluntarily register for GST/HST if you want even if your business has zero sales.
@Chungster228
@Chungster228 Ай бұрын
@@jessicamoorhouse Hi Jessica, I'm in a similar situation. I have no sales but I know the business will generate over 30k+, what would we enter in the annual worldwide and domestic gst/hst taxable sale to move forward in the application? Thank you!
@JDas2k
@JDas2k Жыл бұрын
I registered many years ago for the RST Remittance Number. Can I still use that or do I need get a new GST/HST number? Thanks.
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
RST is not connected to GST/HST. They are different sales tax programs (RST is just Manitoba).
@jasminejasmine549
@jasminejasmine549 3 жыл бұрын
Hi, hope you are doing well my husband doesn’t have a CRA account so how we can get the gst and HST number he needs for Lyft .can you help me to this I am really thankful to you for this.
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
You need a CRA account. You can find more info here or you can reach out to a tax accountant for help and advice. www.canada.ca/en/revenue-agency/services/e-services/cra-login-services/cra-user-password-help-faqs/registration-process-access-cra-login-services.html
@গরুপাগল-স১ড
@গরুপাগল-স১ড 2 жыл бұрын
I'm from Bangladesh.. I need to register for Amazon affiliate marketing in canada.i have earnings 500 can$.
@jefff312
@jefff312 2 жыл бұрын
Can't register for gst number it just takes me back to the same page when I click on the link. So frustrating
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
I'd suggest clearing your browser's cache or try a different web browser to see if it works.
@nat8275
@nat8275 8 ай бұрын
Hi Jessica. I have registered GST/HST number in Ontario. Do I need to get a separate number by registering my business as a sole proprietor (master business licence number)? Thank you
@jessicamoorhouse
@jessicamoorhouse 8 ай бұрын
This article should answer your question www.ownr.co/blog/business-number/
@junkclinic
@junkclinic Жыл бұрын
When do I need to start charging HST? Is it after 30k for federal incorporation?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
It doesn't matter if you're a corp or sole prop, once you've passed the threshold and are no longer considered a small supplier, you need to register for GST/HST. I provide more info here jessicamoorhouse.com/sales-tax-in-canada-hst-gst-pst-self-employed/
@patrickxiao277
@patrickxiao277 Жыл бұрын
Do I need to register a company Before I apply for GST or I can get a personal GST number without registering a company? I just need a GST number for doing the Uber job?
@patrickxiao277
@patrickxiao277 Жыл бұрын
Without a company, can I just register as a sole proprietor for a GST number?
@ezye4567
@ezye4567 2 жыл бұрын
Hi, I created my business account and gst for uber but when I sign in, it doesn't shows the gst option in my business account. Also how to print out my gst profile and business account profile for my records which i forgot to print out after creating my account? Thank you
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Not sure if I totally get what you mean. You registered for GST but you aren't seeing anything in your CRA My Business account? I'd suggest contacting the CRA about this www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account.html
@mariamrazzaq2138
@mariamrazzaq2138 2 жыл бұрын
Corporation number and Business number are same ? If not, Where can I find Business number on my corporation documents?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
This article should help help.ownr.co/en/articles/1157551-business-number-v-corporation-number
@georgetallon697
@georgetallon697 5 ай бұрын
if i register for a gst number do I have to collect gst if i'm still below 30000 income
@jessicamoorhouse
@jessicamoorhouse 5 ай бұрын
Yes, once you register, even if you are below the threshold, you have to start collecting and remitting GST.
@theDaye
@theDaye Жыл бұрын
Is the process the same for a non-profit? I need to get an HST number for an organization, it's not my own business.
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
You can find more info about GST/HST for non-profits here but I would recommend speaking to an accountant as it's a bit more complex www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4081/gst-hst-information-non-profit-organizations.html
@golubhangu5259
@golubhangu5259 2 жыл бұрын
Hi 👋 i try to register my new hst gst number Am a truck driver long hull driver canada wide . My question is that Which option i have to choose in the general business information There are so many options which is suitable for the truck driver ,
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
Can't help you there, I'd suggest contacting CRA support.
@golubhangu5259
@golubhangu5259 2 жыл бұрын
@@jessicamoorhouse Thanku it’s done ✅ thanks
@lisbeth1284
@lisbeth1284 Жыл бұрын
Hi Jessica, do you know when if the information is submitted is it possible to make changes? For instance in the part of taxable sales
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Yes you can www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/account-change.html
@chotiandoencanada7151
@chotiandoencanada7151 3 жыл бұрын
Hi Jessica, I have quick question. I just starting my business so I need to apply for the number then for the GST? I saw the video that you went right to the gst but you said you already registered? I really don't get it... Please if you can help me out. Thanks
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
This video should help kzbin.info/www/bejne/bIi5nZhrhtF5qK8
@samirberisha5846
@samirberisha5846 Жыл бұрын
Hi, would I be able to open hst account with PO box address? Thank you
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
Doesn't look like it. As stated on their website "The CRA uses your personal postal code to verify your identity. The CRA checks the postal code you enter against the postal code we have on file for you as an individual, not the one on file for your business." They need the physical address for where you live. www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/account-register.html
@natbrown1974
@natbrown1974 2 жыл бұрын
How do you record the transactions for purchases and expenses in your books if you are not registered for HST yet? Do you still split it out and record it into an HST paid/collected account?
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
If you're not registered for GST/HST then you can't take advantage of input tax credits, meaning you won't get credited for any GST/HST you pay on business expenses. But in terms of how to records your business expenses for your books, I used Freshbooks for years and it was very easy to do (whether you want to record sales tax or not).
@CanadianKavala
@CanadianKavala Жыл бұрын
Hello Jessica, I registered for my business as sole proprietary just today for my new convenience store. Do I have to incorporate the business as well? Do I have to charge hst from customers? Am I legally registered to run my store? Is there anything else that needs to be legally done?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
I'd recommend contacting an accountant about getting some advice for your business set up. But if you are running a convenience store and expect to earn over $30,000 in business revenue, you may wish to pre-emptively register for HST. An accountant can make sure you are set up properly though.
@HangYuriYangFX
@HangYuriYangFX 3 жыл бұрын
after I have got my BN... do I have to register an RT account? I don't know how to fill those like annual worldwide and domestic GST/HST taxable sales ..
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
You don't necessarily have to register for GST/HST if you've just registered for a business. You may want to check out this video blog post for more info jessicamoorhouse.com/sales-tax-in-canada-hst-gst-pst-self-employed/
@HangYuriYangFX
@HangYuriYangFX 3 жыл бұрын
@@jessicamoorhouse so I got a four month freelance job.. at the end of this month I am about to make over that 30k threshold.. so I do need to register that right? ahhh, I am so confused about this..
@lisbeth1284
@lisbeth1284 Жыл бұрын
Hi Jessica, if i have a CRA My Account is the same credentials that My Business Account ? or do I have to register to my business account, too?
@jessicamoorhouse
@jessicamoorhouse Жыл бұрын
They are separate accounts and not connected. You would need to set up a CRA My Business Account if you don't already have one.
@TheHourofWitchery
@TheHourofWitchery 2 жыл бұрын
May I ask what you select if its an online business and all sales are done online? Also, if the business(es) are online, the mailing address would have to be the same, correct? Or is there a way to register a different address just for the business itself? If so, how can someone look into this further so that the business owners personal home address isn't exposed (even though the office and its home-based/online)
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
My business is online so it doesn't matter if you have a brick and mortar business or not. For business address, you can either select your home address or you can do what I did and use a mailbox service (for example I use www.bdc-canada.com/BDC/services/registered-business-address-main.htm
@TheHourofWitchery
@TheHourofWitchery 2 жыл бұрын
@@jessicamoorhouse Thank you so very much. I will be looking into this. The link didn't work though
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
@@TheHourofWitchery Oops it had a weird bracket at the end of the URL, should work now
@super_sweetie21
@super_sweetie21 3 жыл бұрын
Hi Jessica I was wondering if I could also use these steps for a partnership business as well?
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Yes, absolutely it's the same process (I had to do it myself years ago). Once you register your business as a partnership, then signing up for a GST/HST account for that partnership is the same process as a sole proprietorship.
@shimmera_ca
@shimmera_ca 27 күн бұрын
@@jessicamoorhouse Hi Jessica, thanks for this very helpful video. I had the same question above, I have a business partner and we're just about to launch. I am aware that we don't have to register until we reach a threshold but we might opt to voluntary register for GST/HST because our payment processor, Shopify, requires a business number to start selling. My question is, and I hope you have insights. Who between us partners, should register to CRA? I think I am missing this info or should we both register GST/HST individually? Thank you and looking forward to hearing from you.
@jessicamoorhouse
@jessicamoorhouse 24 күн бұрын
@@shimmera_ca You can register your partnership and get a business number without having to register for GST/HST. You do so through your province www.canada.ca/en/services/business/start/register-with-gov/register-sole-prop-partner.html This may be a better idea than just registering for GST/HST before you're ready.
@shimmera_ca
@shimmera_ca 3 күн бұрын
@@jessicamoorhouse thank you so much! I actually found out that my business number was autocreated when I registered for the business name though it looks like it's not linked to my CRA yet and makes sense since we haven't started selling so there isn't any income yet to reach the threshold to register for GST/HST. Thanks so much.
@ghadahadidi1952
@ghadahadidi1952 2 жыл бұрын
Hey Jessica, thanks for your video. I have a question, can i like my business account with my personal CRA account? I changed from solo to corporate and was wondering if I have to register again or can I have both under my personal account? thank you.
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
No, you'll have a CRA My Account for your personal taxes, and CRA My Business Account for your corporation. They are separate you can't make them into one account.
@ghadahadidi1952
@ghadahadidi1952 2 жыл бұрын
@@jessicamoorhouse thank you so much!!
@vitaligrigoryan1133
@vitaligrigoryan1133 2 жыл бұрын
Hey Jessica. Thank you for your video. I have a BIN given from the Government of Ontario. I am a seller on Amazon so sell my goods all over Canada. Is this BIN ok for registering GST/HST or I need another one for Federal?
@dammar117
@dammar117 5 ай бұрын
I came here to ask the same question, but I see it's been 2 years and you haven't gotten a reply...
@avnishathapar9135
@avnishathapar9135 2 жыл бұрын
I want to register for my uber taxi gst number which option should I choose its sole ownership or others??
@jessicamoorhouse
@jessicamoorhouse 2 жыл бұрын
You would likely be a sole proprietor.
@hasinaakter6365
@hasinaakter6365 3 жыл бұрын
Hi.. I was wondering what $30000 means. Do I need to register for HST if my profit crosses $30000 or is it for my total sales. Thanks
@jessicamoorhouse
@jessicamoorhouse 3 жыл бұрын
Total worldwide sales (so total business revenue, not just profit).
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