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5 votes
Accepted

Capital gains when selling my boat and HST in Ontario Canada

[note: I am using raw links in this answer because on matters of tax, it's important to know you are on a government site and not a random publication.] You do not have to charge HST on the sale of ...
Kate Gregory's user avatar
  • 13.4k
3 votes
Accepted

Can I still charge and keep money from my small business, listed under HST?

First off, the basics on HST/GST: You don't need to collect HST, if you don't want to, until you hit 30k in a particular three month period (assuming you're not regularly passing $30k). You then ...
Joe's user avatar
  • 35.8k
1 vote
Accepted

Charging HST on a product where a portion goes directly as a donation to someone else [Canada]

Consult a professional. On the face of it you are selling a product for $30, so you must charge HST on $30. You cannot avoid charging HST, unless you are exempt in some way (the usual way to be exempt ...
DJClayworth's user avatar
  • 33.6k
1 vote

How is GST/HST treated when you file corporate tax?

The short answer to this is that your corporate income for tax purposes is $100,000 as the $13,000 HST is collected on behalf of the government and is forwarded to the government. If you had any ...
rToronto's user avatar
1 vote
Accepted

How is GST/HST treated when you file corporate tax?

In principle, GST/HST is value-added tax. The tax on your sales is not a tax on you, but on your customers; you are collecting the tax on behalf of the government. You are holding it in trust for the ...
xngtng's user avatar
  • 206
1 vote
Accepted

Canada Taxes GST and HST on different goods

I know this answer will not be on-topic for this site, but please read it and consider the points. You do not want to get involved in any tax disputes with the government, and you don't want to find ...
GWR's user avatar
  • 206

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