GST, HST, PST - Sales Tax for Small Business in Canada Explained

In my last video, I shared what you should know about income tax, CPP, and EI if you're self-employed or have a side hustle. Just as important is knowing about sales tax! There is quite a bit of nuance when it comes to sales tax, if you're just starting out and need guidance, I highly recommended hiring an accountant to help you out (that's what I did and it was so worth it!). But, to help you better understand some of the key things with registering, collecting and remitting sales tax (GST, HST, PST, RST, QST), I explain it all in this video.

I go into way more detail than what's shared in this video in my blog post, so make sure to read it after! I also want to mention that I myself am not an accountant or CPA, I've just been running my business for almost 4 years and this is what I've learned and what I do.

But if you have any questions, let me know in the comments! I can make more videos surrounding this topic!

**Please note: I am NOT an accountant. I am simply a small business owner who has had to navigate the ins-and-outs of sales tax for my business. For advice on your specific business, please consult with an accountant and/or contact the CRA or the provincial government about their sales tax registration requirements.

RESOURCES

CHAPTERS
00:00 Introduction
02:36 When to Register for GST/HST
03:12 What Is the Deadline to Register?
03:40 Can You Register Early?
04:49 Registering with Other Provinces (PST)
05:57 Zero-Rated Goods
06:43 The Importance of "Place of Supply"
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DISCLAIMER & DISCLOSURE

[SweetNAMese]

Thank you for making this channel for us Canadians entrepreneurs!

[newtonzheng]

WOW this is super helpful! Thanks Jessica for sharing this. As a small business owner who passed the threshold in the past year, I couldn't find clear answers to the tax implications. You answered majority of my questions in 1 video in a very clear way. Thanks for giving so much value and for helping others Jessica :)

[LMQC]

I'm so glad I came across this channel. You rock

[ecolawnaeratorcompanycanada]

Great Videos and Blogs Jessica and I have this one bookmarked for sure!

[lizalem]

This is so helpful! Your videos and blogs are so helpful!

[keelan.jeffers]

Just subscribed! I am an amateur filmmaker based out of Saskatchewan and this video helped me so much. I feel so overwhelmed with taxes lol, this put my mind at ease!

[DilavarSingh-iyyi]

Thank you so much
Learning a lot of things from your Channel
& Your energy is amazing ❤

[stefk]

I have had 100k in sales this year and haven't charged any taxes at all. I thought Amazon was charging taxes after I selected it in my default settings but they never did. Now I don't know what to do. Would I have to pay out of pocket. I would lose almost all of my profit if I pay them out of pocket...

[meghanlee]

You are really good! its so personal! thank you so much for the information.

[kovalenkoihor]

If person registered that GST account but provide services outside of Canada, how and when to report that zero-salestaxes collected? Yearly, every quarter? Is it separate from taxreturn report filed every marh-april?

[HealthyPockets]

Jessica thanks for the information!! one Quick Question I am also a YouTuber, are you able to make a video explaining how to deal with YouTube earnings from the US or Sponsors payments from the US and how and when to fill the W-8BEN document. Thanks again! Great channel subscribed and liked!

[Niemns]

I wish I can talk like you. You delivered very well.

[yohannschonfelder]

I'm from quebec and this helped alot thanks!!

[dayulPH]

Thank you for the amazing video! I just wanted to ask, all my clients have been exclusively OUTSIDE Canada. If ever I reach the limit of $30, 000 do I still have to register for a GST/HST number even though all my clients are located in other countries? Thank you!

[AsifAhmed]

Jessica, Thank you so much for all this valuable info. Very organized.

[AntonWongVideo]

I REALLY shouldn't have registered for HST so early...I got a little overconfident in my projections. I thought I could "hope" the revenue into existence...turns out it takes more work than hope lol
thanks for clearing the air. especially the last half about the intangible good and services thing and the US customers thing

[snowbunny]

You are awesome! 8). Thanks so much for taking the time to make these videos! 8)

[StillBusyBaking]

I know this is an old video, but I really need help haha!! Do we as Canadians have to pay GST/HST on YouTube ad revenue and Google Adsense? I have heard no, because they are not services in Canada (as in, most of my subscribers are international)

[AmazingVideos-wkkz]

Outstanding Video. It really helped me. You are beautiful a soul.

[jeffreyconnell]

great Information. looking forward to another video