You are required to collect HST when your taxable sales (over the last 4 quarters) exceeds the $30,000 threshold. As a voluntary registrant, you need to collect HST on sales starting on the earlier of:
- the effective registration date listed on your GST/HST account application,
- the day of the supply (sale) that made go over the $30,000 threshold amount.
For example, if your effective registration date is August 1st but you made a sale on June 1st that caused you to exceed the $30,000 threshold, you will have to start collecting HST beginning with the sale that forced you to exceed the threshold.
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.