{"id":4614,"date":"2021-04-26T16:29:21","date_gmt":"2021-04-26T20:29:21","guid":{"rendered":"https:\/\/rpigroup.ca\/blog\/?p=4614"},"modified":"2021-04-26T16:29:23","modified_gmt":"2021-04-26T20:29:23","slug":"when-should-you-start-charging-gst-hst","status":"publish","type":"post","link":"https:\/\/rpigroup.ca\/blog\/news\/when-should-you-start-charging-gst-hst\/","title":{"rendered":"When Should You Start Charging GST\/HST?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">When you work with RPI Consulting Group &#8211; whether you\u2019re a Pharmacist, Nurse Practitioner (NP), Registered Nurse (RN), Registered Practical Nurse (RPN), Licensed Practical Nurse (LPN), or Personal Support Worker (PSW), you can easily send us your regular invoices directly through our <a href=\"https:\/\/rpigroup.ca\/blog\/news\/be-the-first-to-access-top-paying-jobs-with-rpis-mobile-app\">mobile app\u2019s<\/a> <a href=\"https:\/\/rpigroup.ca\/blog\/blog\/a-reminder-about-rpis-easy-bill-system\/\">Easy Bill System<\/a>. However, did you know that you can also use the same system to collect HST\/GST?<\/span><\/p>\n<h3 id=\"am-i-qualified-to-collect-hst-gst\"><strong>Am I Qualified To Collect HST\/GST?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Whether you work as a <a href=\"https:\/\/www.ownr.co\/blog\/a-guide-what-to-consider-when-incorporating-your-business\">sole proprietor or corporation<\/a> <\/span><span style=\"font-weight: 400;\">the general rule of thumb regarding the requirements needed to register for GST\/HST is that they don\u2019t come into effect until you\u2019re no longer a \u201csmall supplier\u201d. This is often called the $30,000 rule. <\/span><span style=\"font-weight: 400;\">You\u2019re no longer a small supplier when your revenue (before expenses) is more than either:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$30,000 in a single calendar quarter (3 consecutive months), or<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">$30,000 within the previous four consecutive calendar quarters (not a calendar year)\u00a0\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">This means you\u2019ll be required to collect and remit the sales tax to the Canada Revenue Agency on a quarterly or annual basis. As a registrant, you may also claim credits, called Input Tax Credits (ITC\u2019s) for GST\/HST paid to produce the goods and services.<\/span><\/p>\n<h3 id=\"how-do-i-start-reporting-tracking-my-gst-hst\"><strong>How Do I Start Reporting\/Tracking My GST\/HST?<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve determined you are required to or voluntarily choose to, register for the GST\/HST, you will need to do so with the Canada Revenue Agency. The process is quite simple and can be done completely online via the <\/span><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/registering-your-business\/business-registration-online-overview.html\"><span style=\"font-weight: 400;\">Business Registration Online<\/span><\/a><span style=\"font-weight: 400;\"> (BRO) program.<\/span><\/p>\n<h3 id=\"record-keeping\"><strong>Record-Keeping<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Once you begin collecting GST\/HST, it\u2019s important to ensure that you\u2019re keeping regular and detailed records. It\u2019s not uncommon for new registrants to forget to separate those funds which can lead to headaches and financial trouble down the line;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After you have registered for the GST\/HST, and begin charging and collecting it,\u00a0 you are required to let your customers know that GST\/HST is either included in pricing or will be added separately.<\/span><\/p>\n<h3 id=\"what-is-the-benefit\">What Is The Benefit?<\/h3>\n<p><span style=\"font-weight: 400;\">One of the only benefits to registering for a GST\/HST number is that the CRA reimburses HST on business expenses. As previously mentioned, this is referred to as <a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/businesses\/topics\/gst-hst-businesses\/complete-file-input-tax-credit.html\">Input T<\/a><\/span>ax Credits<span style=\"font-weight: 400;\"> (ITC), as in\u2026 you \u201cinput,\u201d or literally write in, what you expect to be credited, or given back.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Most candidates that work with RPI collect HST\/GST and will continue to benefit from this decision.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019d like to discuss these details further <a href=\"https:\/\/rpigroup.ca\/ContactUs.aspx\">reach out to your Account Manager<\/a> today!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"When you work with RPI Consulting Group &#8211; whether you\u2019re a Pharmacist, Nurse Practitioner (NP), Registered Nurse (RN),&hellip;\n","protected":false},"author":8,"featured_media":4616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[247,244,245,226,28,246,38],"_links":{"self":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/4614"}],"collection":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/comments?post=4614"}],"version-history":[{"count":2,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/4614\/revisions"}],"predecessor-version":[{"id":4618,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/posts\/4614\/revisions\/4618"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/media\/4616"}],"wp:attachment":[{"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/media?parent=4614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/categories?post=4614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rpigroup.ca\/blog\/wp-json\/wp\/v2\/tags?post=4614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}