When to register for a GST account in Canada

When do you need to sign up for a GST account in Canada and start collecting GST? In some cases, your business may never need to sign up for a GST account and collect it. The main ways in which this can occur is if the business offers a specific product or service that is GST exempt, or if the business qualifies as a Small Supplier. However, most businesses must sign up for a GST account and start collecting it once they have earned $30,000 or more in revenue in four consecutive quarters or less. CRA website for GST: 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 #businessmanagement #businessstartup