About this course
This course reviews the “basics” of GST & HST. After taking this course, participants should be able to understand the fundamental rules of GST & HST and how they apply to businesses in Canada.
Topics covered include:
- Difference between GST, PST, and HST
- Mechanics of the value-added tax from the seller’s perspective
- Types of supplies: Taxable vs. Zero-rated vs. Exempt
- Registration requirements and the “small supplier” exemption
- Reporting frequencies – annual vs. quarterly vs. monthly
- Input Tax Credits (“ITCs”)
- Claiming ITC’s on expenses
- Claiming ITC’s on purchases of capital property
- Quick Method
- Filing requirements, deadlines and penalties
- Special circumstances
This course includes:
1 hours on-demand video
Beginner level
No preparation required
Published At Mar 27, 2024
Certificate of completion
No prerequisites
1 year access
Updated At Sep 27, 2024