GST vs HST: Sales Taxes in Canada Explained

You may have heard of the terms GST, HST, and even PST, but what do they mean? And importantly, what are the differences between GST vs HST vs PST? This video covers the different sales taxes in Canada that you must know as a small business owner.

We explain what each of those terms means, what you need to know about GST vs HST as an entrepreneur, and when is the right time to register for one. We also break down the benefits of registering for a GST or HST account and how they can help you with tax credits.

You can register for a GST or HST account easily with Ownr. Click on the link below to try it out yourself!

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[olamfilms]

Thank you for making this! This is fantastic content (marketing) that is hitting a needed niche.

[lindsayl]

Could you please elaborate on situations where it might be beneficial to register for GST/HST early?

[Mj]

What is the tax money collected used for? Roads? Health care?

[ivan]

If I understood correctly, GST/HST has to be charged by the company ONLY if it provides goods/services to customers in Canada. If for example a company provides consulting to a company in the US - it shouldn't register and charge GST/HST.

Correct?

[zhongxina]

Buddy, you're not making any sense here. If participating provinces combine their PST with GST and it's called HST. But isn't it the same if they didn't combine it.

For example in Ontario a product that is $100 costs you $113. $5 GST and $8 GST or you can think of it $13 HST. We are still ending up in $13 of sales tax.