Tag · Canada

GST/HST

3 Loopholes 🇨🇦 Canada

Loopholes Tagged "GST/HST"

Plain-English guides to Canadian legal rights and workarounds related to GST/HST.

GST/HST Small Supplier Threshold — Delay Registration Until You Actually Cross the Line

Small suppliers generally do not have to register for GST/HST until taxable revenues exceed the threshold.

GST/HST Bad Debt Adjustment — Recover Tax You Remitted on Invoices Your Customer Never Paid

If you charged and remitted GST/HST on a taxable sale but the customer never paid and the receivable became a bad debt, CRA may let you claim a GST/HST adjustment to recover the tax already remitted.

Missed Input Tax Credit Recovery — Claim Forgotten GST/HST ITCs on a Later Return

If you forgot to claim GST/HST input tax credits when you first filed, you may still be able to recover them on a later return.