GST Under 30K
TIP - It's important to understand that GST/HST funds are collected in trust
We are starting a small consulting/teaching business. We registered and got a GST number.
We don't expect to earn more than $30K per year. Are we required to collect GST as long as we stay under 30K? Should we cancel our GST account?
Once you are registered for GST/HST, you must collect, report and remit in accordance with your assigned CRA period
If you click on "The GST HST"
navigation button, I have a wealth of information that should help you decide what would be best for your business.
Here a few things you may want to read about:
Some other chats you might want to skim are;
At the bottom of "The GST HST" page, you will find the Forum for GST/HST questions
asked by other small business owners.
Good luck with your new business. I wish you every success.