Make your GST reporting easy with AgExpert Accounting

Published July 9, 2021.

What are your tax obligations as a GST/HST registrant?

Here’s a quick summary. All GST/HST registrants must:

• Charge, collect and remit GST/HST if they have taxable sales, leases or supply goods or services within Canada.
• File a GST return on a regular basis at a given frequency. At the start of a business, CRA generally assigns an annual remittance. Once the business has been running for a while, the filing periods will vary from monthly, quarterly, or annually depending on the amount of sales and the status of the seller.
• Know remittance due dates are.

We know it’s not exactly fun, so how can we make it easier?

AgExpert Accounting helps you:

• Keep adequate GST/HST information in your books. Easily record all taxes charged on every sale to your customers and taxes paid to your suppliers.
• Generate the total amount of GST/HST you must pay or collect.
• Generate the amount of GST/HST to be refunded, rebated, or deducted from your net tax.
• Produce a detailed report showing on which sales/revenues GST/HST was charged and Purchases/Expenses on which GST/HST was paid.

Watch this video tutorial to see how to quickly process your GST/HST return with AgExpert Accounting.