ON Chiropractic
need to charge, collect and remit GST/
HST on all taxable (except zero-rated)
goods and services you sell or provide
in Canada since the date of registration.
Ensure that you hold the GST/HST in trust
until you send it to the CRA for filing your
1-800-959-5525, send the CRA a letter
or a completed “Form RC145, Request
to Close Business Number (BN) Program
Accountants or the CRA for confirmation
when interpreting the rules on charging
GST/HST for their specific services.
Accounts.”
GST/HST return.
Typically your total annual sales
determine how many times in a year
you have to file your GST/HST return.
Businesses which have annual taxable
supplies of $1,500,000 or less are
assigned an annual reporting period
but may also choose to file monthly or
quarterly.
SRJ Chartered Accountants
∞∞ Telephone: 647-725-2537
∞∞ Email: [email protected]
∞∞ Website: http://www.srjca.com
∞∞ OCA Advantages partner profile:
http://www.chiropractic.on.ca/srjca
What is an Input Tax Credit?
An input tax credit (ITC) is the amount
of GST/HST you may recover from the
GST/HST you paid or owed on purchases
and expenses related to your commercial
activities, so long as you are a GST/HST
registrant.
The ITCs can be claimed in the same
reporting period as when the purchases
were made when you file your GST/HST
return. If you have any ITCs that were
not claimed when you filed the return for
the corresponding period, you can claim
those ITCs on a future GST/HST return as
long as it is filed by the due date of the
return for the