- For GST/HST reporting periods starting in 2024, all registrants (except charities and selected financial institutions) must file returns electronically
- The mandatory electronic filing threshold for GST/HST returns has been removed for periods starting on or after January 1, 2024
- Benefits of electronic filing include time and cost savings, faster processing, and increased security
- Penalties apply for not filing electronically, with $100 for the first offense and $250 for subsequent offenses
- Penalties will apply even for nil or credit returns, but waivers are available for monthly or quarterly filers until April 1, 2024.
Source: finance.yahoo.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.
Latest Posts in "Canada"
- Proposed Elimination of Luxury Tax on Aircraft and Vessels Effective November 5, 2025
- How to View Your GST/HST Access Code Online in My Business Account Portal
- CRA Now Requires GST/HST on Mutual Fund Trailer Fees Effective July 1, 2026
- North Perth Backs Call to Remove HST/GST on New Primary Homes to Boost Affordability
- Upcoming GST/HST and QST Deadlines for Employers and Pension Entities: Key Compliance Dates
