Financing, tax rates, and accounting
Hii
I recently opened my store named cutecheeks and get prints from prinitify and i dont know how to setup taxes and i dont have any HST number. I heard that when we reach 100k revenue or more, only then we have to pay tax ? Is that right or what ?
@cutecheeksehallpass wrote:Hii
I recently opened my store named cutecheeks and get prints from prinitify and i dont know how to setup taxes and i dont have any HST number. I heard that when we reach 100k revenue or more, only then we have to pay tax ? Is that right or what ?
In Canada, businesses must collect HST/GST if they earn over $30,000 in revenue in a 12-month period, not $100,000. If you haven’t reached this threshold, you may not need to register for an HST number yet. Hope! it will be helpful.
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