In Canada, businesses need to file their Harmonized Sales Tax (HST) returns to report and remit their taxes. HST is a consumption tax that combines federal and provincial taxes, and it’s essential for businesses to stay compliant with filing requirements. This article explains how to file your HST return using HST NETFILE, important deadlines, and other ways to file.
Canada HST Netfile News
What is HST?
Harmonized Sales Tax (HST) is a tax paid by consumers and businesses in several Canadian provinces. It combines the federal Goods and Services Tax (GST) with provincial sales taxes. Provinces that use HST include Nova Scotia, Newfoundland & Labrador, New Brunswick, Prince Edward Island, and Ontario.
How to File an HST Return Using HST NETFILE
Filing your HST return via NETFILE is the fastest and easiest method. Here’s how to do it:
- Prepare Your Return: Make sure you have all your financial information ready, including total sales, total tax paid, and total tax collected.
- Access Code: You will need a four-digit access code, which remains the same for all future returns. If needed, you can change this code using the GST/HST Access Code Online.
- Online Form: Go to the HST NETFILE page and fill out the required information. This includes your total sales, tax paid, tax collected, and any other credits or debits.
- Submission: Once you submit the form, you will receive a six-digit confirmation number. Keep this number for your records.
Canada HST Netfile Date
The Canadian Revenue Agency (CRA) offers multiple options to file your HST return. HST NETFILE is available online and is the quickest way to file and receive a refund.
Other Ways to File HST Return
Besides NETFILE, you can file your HST return through:
- Your Bank or Credit Union: Some financial institutions offer HST filing services.
- TELEFILE: File your return by phone.
- CRA My Business Account: Use the CRA’s online portal for businesses.
- Third-Party Software: Use CRA-certified software to file your return.
Deadline Dates to File HST Return
The deadline to file your HST return depends on your reporting period:
- Monthly Filers: The deadline is the last day of the following month. For example, the deadline for July is August 31.
- Quarterly Filers: The deadline is the last day of the month following the end of the quarter. For example, the deadline for Q1 (January to March) is April 30.
- Annual Filers (December 31 Year-End): The deadline is three months after the end of the fiscal year.
- Annual Filers (Other Year-End): The deadline is three months after the end of the fiscal year. For example, if your year-end is August 31, the deadline is November 30.
If the deadline falls on a weekend or public holiday, the return is due the next business day.
How to File an HST Return in Canada
Preparing Your Return
Before filing via NETFILE, ensure you:
- Prepare Your Return: Have all necessary information in Canadian funds.
- Enable Cookies: Make sure cookies are enabled in your browser.
- Pay Any Amount Owing: Pay any outstanding amounts to the CRA before filing.
Filing Process
Access Code: Use your four-digit access code.
Online Form: Fill out the form with your sales, tax paid, tax collected, and any other credits or debits.
Submit and Confirm: Submit the form and record your six-digit confirmation number.
Filing your HST return in Canada is essential for businesses to stay compliant with tax regulations. Using HST NETFILE is the quickest and most efficient way to file your return. Ensure you meet the deadlines and prepare your return correctly to avoid penalties. By understanding the process and deadlines, businesses can manage their taxes more effectively and avoid any issues with the CRA.
1. What is HST?
HST is a consumption tax that combines federal GST and provincial sales taxes in certain Canadian provinces.
2. How can I file my HST return?
You can file using HST NETFILE, through your bank or credit union, by phone via TELEFILE, through your CRA My Business Account, or using CRA-certified third-party software.
3. What is the deadline for filing HST returns?
Deadlines depend on your reporting period: monthly, quarterly, or annually. If the deadline falls on a weekend or holiday, the return is due the next business day.
4. What information do I need to file my HST return?
You need your total sales, total tax paid, total tax collected, and any other credits or debits.
5. Do I need to apply for an access code?
No, your four-digit access code is provided by the CRA and remains the same for all future returns. You can change it online if needed.