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Harmonized Sales Tax (HST) in Canada | Filing, Compliance & Optimization

Managing Harmonized Sales Tax (HST) in Canada can be complex, but MB Accounting simplifies the process for businesses. Whether you’re registering for HST, filing returns, or ensuring compliance, our experts provide seamless and hassle-free HST solutions tailored to your needs.

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The significance of Harmonized Sales Tax (HST) in Canada

The Harmonized Sales Tax (HST) is a consumption tax in Canada that combines the federal Goods and Services Tax (GST) with the provincial sales tax (PST) into a single, value-added tax. It is applicable in five provinces: New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Island. The HST rates vary by province, with Ontario, for example, implementing a 13% rate.

Why Choose MB Accounting for Harmonized Sales Tax (HST) in Canada?

Expert HST Filing & Compliance

We ensure accurate and timely HST return filings, minimizing penalties.

HST Registration & Setup

Get professional guidance on whether your business needs HST registration and how to complete the process.

Maximize Input Tax Credits (ITCs)

We help you reduce tax liability by identifying all eligible ITCs.

Industry-Specific Audit Solutions

From small businesses to large corporations, we provide customized tax strategies.

CRA Audit Assistance & Representation

Our team helps navigate CRA audits, ensuring smooth resolutions.

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Our Harmonized Sales Tax (HST) in Canada Services

At MB Accounting, we offer a full range of audit services in Canada to help businesses maintain transparency and compliance.

HST Registration & Setup

We guide businesses on HST registration requirements and complete the process efficiently.

HST Registration & Setup

We guide businesses on HST registration requirements and complete the process efficiently.

Monthly, Quarterly & Annual HST Filings

Avoid late penalties with our accurate and timely tax return submissions.

Monthly, Quarterly & Annual HST Filings

Avoid late penalties with our accurate and timely tax return submissions.

HST Tax Planning & Compliance

We ensure your business stays CRA-compliant while optimizing tax benefits.

HST Tax Planning & Compliance

We ensure your business stays CRA-compliant while optimizing tax benefits.

HST Audit & Dispute Resolution

Assistance in case of CRA audits, ensuring legal compliance.

HST Audit & Dispute Resolution

Assistance in case of CRA audits, ensuring legal compliance.

HST Consulting for Businesses

 Get strategic tax advice to minimize liabilities and maximize profits.

HST Consulting for Businesses

 Get strategic tax advice to minimize liabilities and maximize profits.

01

Legal Obligation

Businesses earning over $30,000 annually must register for HST under CRA rules.

03

Better Financial Management

A structured HST approach helps in accurate bookkeeping and cash flow management.

Why Avail Harmonized Sales Tax (HST) in Canada?

02

Avoid Penalties & Interest

Late or incorrect HST filings can result in hefty fines.

05

Potential Tax Savings

Claim Input Tax Credits (ITCs) to reduce overall tax burdens.

04

Enhanced Business Credibility

Proper tax compliance boosts business credibility with customers and partners.

Step 1: HST Registration Assistance

We assess if HST registration is required and handle the setup process.

Step 2: Accurate HST Collection & Reporting

We ensure proper calculation and HST remittance to CRA.

business tax filing tips

Step 3: HST Return Preparation & Filing

Timely and precise HST return submissions to avoid penalties.

Step 4: Audit Support & Dispute Resolution

If CRA audits arise, we represent your business.

Step 5: Ongoing Compliance & Advisory

 Regular tax planning to maximize deductions and minimize liabilities.

How We Provide Harmonized Sales Tax (HST) in Canada– 5 Simple Steps

Our audit process is seamless, efficient, and tailored to your business needs. Here’s how we work:

 Our Clients Love Us!

We’re proud to have earned the trust and loyalty of businesses across Canada. From startups to established enterprises, our clients consistently praise our expertise, professionalism, and commitment to their success. Here’s what they have to say about their experience with MB Accounting.

What is Harmonized Sales Tax (HST) in Canada?
  • HST is a combined tax that merges the federal Goods and Services Tax (GST) and Provincial Sales Tax (PST) into a single rate.
  • It is applicable in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
  • The HST rate varies by province, with Ontario, for example, having a 13% rate.
Do I need to register for HST?
  • You must register for an HST account if your business earns more than $30,000 in taxable sales within a 12-month period.
  • If you make less than $30,000, registration is optional but can provide benefits, such as claiming Input Tax Credits (ITCs).
  • MB Accounting helps businesses determine if they need to register and handles the HST registration process with the CRA.
How do I register for an HST account?
  • Businesses can register online via the CRA’s Business Registration Online (BRO) service, by phone, or by mail.
  • MB Accounting handles the entire registration process to ensure proper setup and compliance.
When is my HST return due?
  • Your HST filing frequency depends on your annual sales:
    • Annual sales under $1.5 million → File HST annually
    • Annual sales between $1.5 million – $6 million → File HST quarterly
    • Annual sales over $6 million → File HST monthly
  • MB Accounting ensures timely HST filings to help avoid late penalties and interest.
What happens if I don’t file my HST return on time?
  • If you miss the filing deadline, the CRA may charge:
    • Late-filing penalties (1% of unpaid balance + additional 0.25% per month, up to 12 months)
    • Interest on outstanding HST payments
  • MB Accounting helps businesses file on time and resolve late filings to avoid penalties.
What is an Input Tax Credit (ITC), and how can I claim it?
  • ITCs allow businesses to recover HST paid on business-related purchases and expenses.
  • To claim an ITC, businesses must keep proper receipts and invoices.
  • MB Accounting helps businesses track and maximize their ITC claims, ensuring they get the biggest tax refund possible.
What happens if my business collects HST but doesn't remit it?
  • If your business collects HST from customers but does not remit it to the CRA, you may face:
    • Significant penalties and interest charges
    • Possible CRA audits and legal consequences
  • MB Accounting ensures your HST remittances are accurate and timely, protecting your business from penalties.
Can I charge HST if my business is not registered?
  • No! Only businesses with a valid HST registration number can legally charge HST.
  • Incorrectly charging HST without registration can result in CRA penalties.
  • MB Accounting verifies your registration status and ensures proper HST compliance.
Does MB Accounting provide HST audit support?
  • Yes! If your business is selected for an HST audit, MB Accounting provides:
    📌 Audit representation
    📌 Document verification & support
    📌 Negotiation with CRA on your behalf
  • Our goal is to ensure a smooth audit process with minimal disruption to your business.
How can I book a free consultation for HST services with MB Accounting?

You can book a Free Consultation by:

Telephone: +1 (647) 956-0894

Email Us: sales@mbaccounting.ca

Website: https://mbaccounting.ca

We provide expert guidance, HST filing, and compliance support to ensure your business operates smoothly and remains CRA-compliant.

Frequently Asked Questions

Frequently Asked Questions (FAQs) for Harmonized Sales Tax (HST) in Canada – MB Accounting

At MB Accounting, we specialize in Harmonized Sales Tax (HST) services for businesses across Canada. Below are the top 10 FAQs regarding HST registration, filing, and compliance to help you understand how HST works and how MB Accounting can assist you.

Still, Have Questions?

We’re here to help! Reach out to our team for personalized support and answers to any additional questions you may have. Contact us today to get started!

Schedule Your Free Consultation

Book Your Free Consultation for Harmonized Sales Tax (HST) Services in Canada

We invite you to schedule a complimentary consultation to discuss how our HST services can benefit your business. Our team is ready to provide personalized solutions tailored to your specific needs.

What You’ll Get During Your Free Consultation for HST Services in Canada

  • Detailed Assessment: An evaluation of your current HST practices and identification of potential areas for improvement.
  • Customized Strategy: Development of a tailored plan to manage your HST obligations effectively.
  • Expert Insights: Access to professional advice on best practices and compliance requirements related to HST.

Partnering with MB Accounting ensures that your business’s HST responsibilities are handled with expertise and precision, allowing you to focus on what you do best—growing your business. Contact us today to learn more about our services and how we can assist you.


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