/u/lawrencep93 on Small business GST

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Depends what you want to do on your 12 months off? If you don’t look at the tax elements but CPI and inflation this isn’t the best idea unless the salary moves/increases with CPI.

How to file your GST/HST Return online using the CRA’s Netfile system.. business idea, business ideas, business idea small, business idea new, business idea online, – Duration: 4:02.

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Registering for GST is mandatory for all small businesses with gross annual revenue greater than $30,000, unless your product or service is exempt. However, if you voluntarily register, you may be reimbursed for GST that you pay out for business expenses.

Tables of GST and QST Rates The following tables show the rates of the GST and QST since their implementation. For the HST rates in effect by period in participating provinces ,

GST/HST NETFILE is an Internet-based filing service that allows eligible registrants to file their goods and services tax/harmonized sales tax (GST/HST) returns directly to the Canada Revenue Agency (CRA) over the Internet.

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Deffer it, then get a CGT discount in many cases = avoiding about 50% but it helps people on middle incomes and also helps the economy with more private investment, not saying CGT is bad or deferral methods are, but if you give.

Breather for small businesses: GST exemption cap up to Rs 40 lakh On the rate cut on pending items such as cement, which is in the peak slab of 28 per cent, Jaitley said any further reductions would be considered only when revenues move up.

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Businesses are still obliged to make it clear that the price being quoted is on a GST-exclusive. For example, a business that quotes “$295” to another business will still breach the ACCC requirements.

GST/HST and QST In Québec, the goods and services tax (GST) and the Québec sales tax (QST) are collected on supplies of most property and services. The harmonized sales tax (HST) replaces the QST and GST in certain provinces.

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 · With only a few months left before the implementation of GST, small business owners are engrossed in understanding the potential effects of GST on their business. It’s a well-known fact that SMEs (Small and Medium Enterprises) are the primary growth drivers of the economy and major contributors to.