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.
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?
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!
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
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!
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
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.
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?
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!
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.
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.
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.
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 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?.
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
Hello Jessica! I am a UA-camr and I only make money from the ads revenue. Should I register for gst-hst even if UA-cam already collect the taxes on the ads revenue on the creator behalf? If yes what should I put in my actual domestic gst-hst ?
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
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!
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.
@@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!
@@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.
@@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😊
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?
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.
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.
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
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.
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?
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
@@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?
@@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.
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 ua-cam.com/video/WvLyt6r3HT8/v-deo.html
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 ?
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/
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
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.
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.
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
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.
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.
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
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?
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.
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??
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
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
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
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
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
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
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?
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!
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?
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
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!!
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.
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.
@@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!
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?
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.
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?
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.
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
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?
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).
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
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.
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
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
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/
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
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
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!
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
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.
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.
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
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.
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.
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?
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.
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 ,
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 ..
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/
@@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..
How can a U.S. based company register for a Canadian GST/HST account? If the officers of the company are not Canadian citizens and don't have Social Insurance #'s, is there a way to register the business using the officer's Social Security #'s instead? I've been trying to research and call CN but I cant seem to figure out the process. Please advise.
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!
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)
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
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?
Hi Jessica 👋, I'm just starting with my online business. No revenue of any sort. I look it up and i seems i need to register my business as a corp since i didn't use my own, did i understand that correctly? Since i have to register my business I'll get a BN and then I should register for CRA correct? Then I can charge gst/hst in my website? Honestly everything is so daunting and I'm so lost.
Update: I registered my business under sole proprietorship. Got my BIN. Should I register for gst/hst. I'm categorized as small supplier but I don't understand whats the taxable supplies mean. If I don't register yet since my revenue is under 30k will there be no tax when people check out on my website? But I'll still need to pay taxes on whatever revenue i made that year.
You can simply be a sole proprietorship and just register your business under a different name than your personal name, you don't need to incorporate. You can find a lot of helpful info about business structures and getting started on the CRA website and Ownr's website (but you may also want to talk to a CPA). www.ownr.co/blog
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 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
@@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.
You mean input tax credits? Because GST/HST has nothing to do with business expense deductions, but it can provide input tax credits (meaning you can back any GST/HST you've paid on eligible business expenses).
@@jessicamoorhouse what is ment by “you can back any gst/hst” isn’t that the same as business expense deductions? I am very new. Just trying to find out if I am allowed to write off things like inventory without a gst/hst.
hi Jessica! hope you are good? I just need your light please...so i'm a french micro entreprise (it's like american llc i guess)...and i wanna sell products in Canada, through my online store (mostly they are herbal teas, creams, rosaries, oils...). I'm using the dropshipping, so my products will be sent from India, to Canada, and I will be in charge of taxes and border papers....but i'm quiet loss...I would like to make a test with one of my friend who live in Ontario...But i don't know where to register for it, i don't know how to collect taxes and pay them, so that my clients have nothing to pay at the reception...do I have to do the same as you?
Great question and unfortunately I don't have an answer for you. I'd suggest finding a tax accountant in your region who is familiar with working with small businesses and especially small online businesses.
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.
@@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.
@@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.
These resources may help answer your question sellercentral.amazon.ca/gp/help/external/G201468400?language=en_CA ua-cam.com/video/gQrrRrvJGnQ/v-deo.html
You can find more info about getting a business number here: www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/business-registration-online-overview.html. You can find info about getting a social insurance number here: www.canada.ca/en/employment-social-development/services/sin/apply.html
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.
Did you ever find out what to do? I'm doing this now and have a similar problem
Hi, did you find out what to do?
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?
I don't get this part either
Im stuck at that part plz someone help me
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!
Thanks so much!
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
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!
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
@@jessicamoorhouse thank you!
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.
Ya, I'd imagine things have changed slightly over time.
Great video! Thanks. Just finished my first QST and PST returns with your help.
Amazing! So glad my videos were helpful! :)
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?
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!
I have the same question > please help
Yeah this is a question I see over and over again. The government of Canada is horrible when it comes to details like this!
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.
I'd suggest contacting the CRA about this.
I just started a nilkwright service business. Definitely need to get my get number asap
Ver deep Explanation, excellent 👌
Thank you 🙂
How can I get a business number? I received my certificate of incorporation and stuff but it doesn't have the BN anywhere?
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.
I'd highly recommend talking to an accountant who works with farmers specifically for guidance.
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.
this was helpful thanks!
I'm so glad!
How would I fill out the income section of the form if all of my business income is from UA-cam ads since it’s zero rated supply?
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?
Then don't apply for GST/HST until you surpass the threshold and are required to?
@@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?.
Keep making more videos like this! Awesome job.
I will, thanks so much for watching and commenting!
Thanks, this was very helpful. Unfortunately our corporation is too new so CRA didn't recognize our info.
Likely if you just incorporated it could take a few days, but if you've been waiting a while I'd call the CRA.
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
This article may help but short answer is no they are different www.ontariobusinesscentral.ca/blog/how-do-i-find-my-ontario-business-number/
Super helpful! Thank you so much for this video
Thanks, glad you found it helpful!
Hello Jessica! I am a UA-camr and I only make money from the ads revenue. Should I register for gst-hst even if UA-cam already collect the taxes on the ads revenue on the creator behalf? If yes what should I put in my actual domestic gst-hst ?
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
You can call them directly and set it up on the phone!
How do you determine annual sales if the year isn't over?
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!
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.
@@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!
@@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.
@@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😊
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?
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.
Very informative! Thanks
Glad it was helpful!
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.
Thanks for the video!
You're so welcome, thanks for watching!
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
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.
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?
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
@@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?
@@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.
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
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
ua-cam.com/video/WvLyt6r3HT8/v-deo.html
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 ?
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/
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
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.
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.
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
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.
Can my accountant do all of this for me?
Exactly what I wanted thank you
Happy to help!
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.
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
You are best guide!!
Thanks so much!
Hey Jessica,
How long does it usually take for them to process a Business Numbers?
I just registered, and it was fairly quick!
love these videos better than mr.beast and yes i left a like
Don't think I've ever had someone like a video on GST/HST more than anything put out by Mr. Beastr haha! Thanks!
Excellent and useful video thanks 👍
Glad it was helpful!
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?
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.
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??
Yes, your CRA My Account (Personal) and CRA My Business Account (for Business GST/HST and Corporate Tax) are separate accounts.
Hi, will I need a GST account if the annual prospective rev is around 25K?
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
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
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
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
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
hi I did this but I never got my business number. do I just add a random number or?
If you registered for GST/HST, you can find your business number inside your CRA My Business account.
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
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
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
Yes you can www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/account-change.html
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?
You must include the total amount you earned for your business before you deduct business expenses during any 12-month period.
Thanks for asking this. I had no idea what to do here
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!
The same name as your tax return so "Jane Smith"
@@jessicamoorhouse thanks!!
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?
Without a company, can I just register as a sole proprietor for a GST number?
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
This article should answer your question www.ownr.co/blog/business-number/
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!!
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.
what am i supposed to enter if i need a gst number but dont have any sales for goods or services yet?
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.
@@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!
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?
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.
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?
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.
@@jessicamoorhouse Thank you!!
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?
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.
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.
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
I'm from Bangladesh.. I need to register for Amazon affiliate marketing in canada.i have earnings 500 can$.
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?
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).
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
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.
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
This video should help ua-cam.com/video/6WVle5QlFrM/v-deo.html
Corporation number and Business number are same ? If not, Where can I find Business number on my corporation documents?
This article should help help.ownr.co/en/articles/1157551-business-number-v-corporation-number
What if someone already has a CRA business account? How should we start the registration?
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
When do I need to start charging HST? Is it after 30k for federal incorporation?
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/
Hi, would I be able to open hst account with PO box address? Thank you
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
if i register for a gst number do I have to collect gst if i'm still below 30000 income
Yes, once you register, even if you are below the threshold, you have to start collecting and remitting GST.
Can't register for gst number it just takes me back to the same page when I click on the link. So frustrating
I'd suggest clearing your browser's cache or try a different web browser to see if it works.
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
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!
@@yvonnechen9144 Yes, income tax would be through your CRA My Account. Your CRA My Business Account would be to file/pay your GST/HST.
@@jessicamoorhouse thank you so much!
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
Your business name registration is not connected to you being required to register for GST/HST. Those are two separate things.
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.
did you figure it out cus I need to know
Thank you, thank you, thank you!
You are so welcome!
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.
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
I want to register for my uber taxi gst number which option should I choose its sole ownership or others??
You would likely be a sole proprietor.
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.
RST is not connected to GST/HST. They are different sales tax programs (RST is just Manitoba).
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.
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.
@@jessicamoorhouse thank you so much!!
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?
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.
If you have a gst number before can you get it back again or do you have to apply for a new one tx u.
Did you close your GST account? If so, then you can no longer use it and will need to register again and get a new one.
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 ,
Can't help you there, I'd suggest contacting CRA support.
@@jessicamoorhouse Thanku it’s done ✅ thanks
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 ..
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/
@@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..
subbed because i now need an hst number
Welcome to the club! There's nothing that makes you feel more like a real business owner than getting an GST/HST number :)
How can a U.S. based company register for a Canadian GST/HST account? If the officers of the company are not Canadian citizens and don't have Social Insurance #'s, is there a way to register the business using the officer's Social Security #'s instead? I've been trying to research and call CN but I cant seem to figure out the process. Please advise.
This is something an accountant would be able to help with who has experience with cross-border corporate tax.
@@jessicamoorhouse No worries, thanks so much! Very helpful information!
I couldn’t find certificate number
Contact the Canada Revenue Agency's Business enquiries line at 1-800-959-5525 for help with this.
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!
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)
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
@@jessicamoorhouse Thank you so very much. I will be looking into this. The link didn't work though
@@TheHourofWitchery Oops it had a weird bracket at the end of the URL, should work now
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?
I came here to ask the same question, but I see it's been 2 years and you haven't gotten a reply...
Hi Jessica 👋, I'm just starting with my online business. No revenue of any sort. I look it up and i seems i need to register my business as a corp since i didn't use my own, did i understand that correctly? Since i have to register my business I'll get a BN and then I should register for CRA correct? Then I can charge gst/hst in my website? Honestly everything is so daunting and I'm so lost.
Update: I registered my business under sole proprietorship. Got my BIN. Should I register for gst/hst. I'm categorized as small supplier but I don't understand whats the taxable supplies mean. If I don't register yet since my revenue is under 30k will there be no tax when people check out on my website? But I'll still need to pay taxes on whatever revenue i made that year.
You can simply be a sole proprietorship and just register your business under a different name than your personal name, you don't need to incorporate. You can find a lot of helpful info about business structures and getting started on the CRA website and Ownr's website (but you may also want to talk to a CPA). www.ownr.co/blog
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!
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.
@@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
@@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.
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
Total worldwide sales (so total business revenue, not just profit).
Hey there! I have a start up business, and I have not made a sale yet but should I still obtain a gst/hst just for the fact of write offs?
You mean input tax credits? Because GST/HST has nothing to do with business expense deductions, but it can provide input tax credits (meaning you can back any GST/HST you've paid on eligible business expenses).
@@jessicamoorhouse what is ment by “you can back any gst/hst” isn’t that the same as business expense deductions? I am very new. Just trying to find out if I am allowed to write off things like inventory without a gst/hst.
hi Jessica! hope you are good? I just need your light please...so i'm a french micro entreprise (it's like american llc i guess)...and i wanna sell products in Canada, through my online store (mostly they are herbal teas, creams, rosaries, oils...). I'm using the dropshipping, so my products will be sent from India, to Canada, and I will be in charge of taxes and border papers....but i'm quiet loss...I would like to make a test with one of my friend who live in Ontario...But i don't know where to register for it, i don't know how to collect taxes and pay them, so that my clients have nothing to pay at the reception...do I have to do the same as you?
Great question and unfortunately I don't have an answer for you. I'd suggest finding a tax accountant in your region who is familiar with working with small businesses and especially small online businesses.
Hi Jessica I was wondering if I could also use these steps for a partnership business as well?
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.
@@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.
@@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.
Super helpful
Glad it helped!
Hi, do i need gst to sell on amazon Fba if i am individual seller and i don't have nay business i just trade stuff
These resources may help answer your question sellercentral.amazon.ca/gp/help/external/G201468400?language=en_CA ua-cam.com/video/gQrrRrvJGnQ/v-deo.html
how to apply for the bn? and how to get the SIN?
You can find more info about getting a business number here: www.canada.ca/en/revenue-agency/services/tax/businesses/topics/registering-your-business/business-registration-online-overview.html. You can find info about getting a social insurance number here: www.canada.ca/en/employment-social-development/services/sin/apply.html
Thanks !!
You're welcome!
does sole proprietorship require to register for GST/HST?
Only if you reach the $30,000 threshold. More if can be found here: jessicamoorhouse.com/sales-tax-in-canada-hst-gst-pst-self-employed/