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Collecting GST on multiple business income sources

101 views· 4 likes· 5:53· Jul 3, 2025

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How is GST treated if you have business income from multiple sources? The CRA looks at GST on a per-entity basis. Typically, if the business entity, whether human or corporate reaches the income threshold that requires it to register for a GST account, then all other forms of business revenue generated from that entity are required to have GST charged on them as well. If you want, you can create a secondary GST number ending in 0002 instead of 0001 and file it separately so that you can separate your GST filings between multiple business streams. When to register for and start charging the GST/HST - https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html General Information for GST - https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4022/general-information-gst-hst-registrants.html Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #businessmanagement #businessstartup

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