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.

Disclaimer

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.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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