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Trishul Consultants offers tailored support for preparing and filing Goods and Services Tax (GST) returns, helping businesses of all sizes maintain compliance with Canadian tax laws. Timely and accurate GST submissions are essential to avoid penalties and meet the requirements of the Canada Revenue Agency (CRA). Our experienced team ensures your GST returns are filed precisely, incorporating all applicable input tax credits, so your business remains compliant and secure.

We handle every aspect of GST return filing, from detailed calculations to on-time submissions, relieving you of the stress of meeting deadlines. Staying updated with CRA policies, we ensure your GST returns are always aligned with current regulations. Trishul Consultants customizes its approach to match the unique needs of both small businesses and larger corporations, allowing you to focus on growth while we manage your GST obligations.

At Trishul Consultants, we are committed to providing dependable, accurate, and efficient GST return services. Our expertise helps you navigate tax compliance requirements effortlessly, ensuring your business’s tax responsibilities are managed with utmost care and professionalism.

GST RETURN


WHEN IS GST REGISTRATION REQUIRED?

You must register for GST if any of the following apply:

  • Your business makes taxable sales, leases, or other services in Canada that exceed $30,000 in total revenue over four consecutive quarters.
  • Your business no longer qualifies as a small supplier, meaning it generates over $30,000 in taxable revenue within four consecutive quarters.
  • You are a self-employed individual operating as a taxi or ride-share driver, even if your revenue is under $30,000 in a consecutive four-quarter period.

FILING DEADLINES FOR GST RETURNS

  • Monthly Filing: Returns and payments must be submitted within one month after the end of each month.
  • Quarterly Filing: Returns and payments are due within one month after the end of each quarter.
  • Annual Filing: For businesses with annual reporting, returns and payments must be submitted within three months of the fiscal year-end.
  • Annual Filing for Individuals: For individuals filing annually, the payment deadline is April 30, while the return filing deadline is June 15.

INPUT TAX CREDITS (ITCs)

Registering for GST allows businesses to claim input tax credits (ITCs) on expenses, reducing the overall tax liability. However, it also requires businesses to charge GST on their taxable sales of goods and services.