Is there a quarterly remittance requirement for GST/HST similar to Income Tax?

Allan Madan, CA
 Nov 12, 2013
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Yes. Similar to income tax, if the net GST/HST payable exceeds $3,000 on a GST/HST return, your business will be required to pay quarterly instalments of GST/HST. The CRA often does not inform the business of the GST/HST remittance requirement and as such, this is an area that most businesses overlook.

 

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