GST small supplier explained

What is a small supplier when it comes to GST in Canada? In order to be considered a small supplier as a business when it comes to GST in Canada, the business must meet certain criteria. This criteria usually means that the business is generating less than $30,000 in gross taxable revenue cumulatively over the course of four consecutive quarters or less. If the business surpasses this threshold, they are no longer a GST small supplier and must register for a GST account, begin charging it on sales, collecting it, and remitting it when filing their GST reports. GST Small Supplier information - https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html Magnaltus Instagram: https://www.instagram.com/magnaltus/ #business #GST #canada #smallsuppliergst