- Businesses in Canada must navigate multiple levels of compliance for tax obligations.
- The Goods and Services tax (GST) applies nationally in Canada.
- Five provinces have coordinated their provincial sales taxes with the GST to implement the Harmonized Sales Tax (HST).
- Separate provincial sales taxes (PST) are collected in British Columbia, Manitoba, Québec, and Saskatchewan.
- A GST number is a unique identifier issued by the Canadian Revenue Agency (CRA) for businesses registered to collect and remit GST.
- Non-resident businesses supplying goods and services in Canada must register for federal GST if they meet certain criteria.
- Small suppliers may be exempt from GST registration.
- Stripe can help businesses manage ongoing tax compliance.
Source: stripe.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
