Running a small business in Canada is exciting — but it also comes with responsibilities, especially when it comes to sales taxes. Between GST (Goods and Services Tax), QST (Québec Sales Tax), and HST (Harmonized Sales Tax), things can get confusing quickly.

This simple guide will help you stay compliant, avoid penalties, and keep your focus on what really matters — growing your business.

✅ When Do You Need to Register?

If your business earns $30,000 or more in a 12-month period, you are required to register for GST/HST.
👉 In Québec, you’ll also need to register for QST.

Even if you’re under the $30,000 mark, registering early can sometimes be beneficial — especially if you have significant expenses where you want to claim back taxes.

✅ What Can You Claim Back?

As a registered business, you can recover the tax you pay on eligible expenses through:

• Input Tax Credits (ITCs) for GST/HST
• Input Tax Refunds (ITRs) for QST

This means money back on things like:
✔️ Office supplies
✔️ Business equipment
✔️ Professional services

That’s cash flow you don’t want to miss!

⚠️ Common Mistakes to Avoid

Many small business owners unintentionally trip up with sales taxes. Here are some pitfalls to watch for:

• Charging tax before you’re registered 🙅
• Filing late — penalties and interest add up fast ⏰
• Mixing personal and business expenses 💳
• Not keeping proper records — CRA and Revenu Québec expect clear documentation 🗂️

📊 Staying Compliant = Staying Profitable

Sales tax compliance isn’t just about following rules — it’s about protecting your business. When you stay on top of GST, QST, and HST, you:
✔️ Avoid costly penalties
✔️ Improve your cash flow
✔️ Build credibility with clients and suppliers

👉 Need Guidance? We’re Here to Help

At Unity Financial Services, we specialize in helping small businesses navigate the complexities of Canadian taxes. Whether you need help registering, filing, or planning ahead, we’ve got you covered.

📞 Call us: 438 701 3770
📧 Email: info@unityfs.ca

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