Understanding GST/HST registration is important for many businesses.
Who Needs to Register?
You must register if your business earns more than $30,000 in revenue over four consecutive quarters.
What Happens If You Register?
- You collect GST/HST on sales
- You can claim input tax credits (ITCs)
Benefits of Registering
- Legitimizes your business
- Allows recovery of certain expenses
When You May Not Need To
If your revenue is below the threshold, registration may be optional.
Final Thoughts
GST/HST rules can be complex, so it’s important to understand your obligations.
👉 Arizen Tax and Business Inc. can help determine if GST/HST registration is right for your business in Edmonton.