When does my new Ontario business need to register for HST?
You must register for HST as soon as your worldwide taxable revenues (including zero-rated) exceed $30,000 in any four consecutive calendar quarters or in a single quarter. This is the…
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Should my Ontario business be a monthly or quarterly HST filer?
Excise Tax Act s. 248 sets your default reporting period by threshold: over $6 million in annual taxable supplies you must file monthly; between $1.5 million and $6 million you…
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What happens if I miss my HST filing deadline in Ontario?
CRA imposes a late-filing penalty under Excise Tax Act s. 280.1 equal to 1% of the amount owing plus 25% of that 1% for every complete month the return is…
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How to Do a Section 85 Rollover in Canada — 8 Steps (2026)
Step-by-step 2026 guide to executing a Section 85 rollover: valuation, election price, T2057 filing, share terms, and CRA deadlines from a Mississauga LPA.
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Can I claim ITCs on meals and entertainment for my Ontario business?
Yes, but only 50%. Excise Tax Act s. 236 restricts your input tax credit on business meals and entertainment to 50% of the HST paid, mirroring the Income Tax Act…
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Do I charge HST to a US client based in California?
Generally no. A service you supply to a non-resident US customer that is not registered for GST/HST and does not consume the service in Canada is a zero-rated supply under…
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What’s the HST filing deadline for a quarterly filer in Ontario Q3 2026?
For a quarterly HST filer, Q3 2026 (July 1 to September 30, 2026) is due on Monday, November 2, 2026, because October 31 falls on a Saturday. Both the return…
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Bank of Canada July 15 2026 Rate Decision — Impact on Ontario SMB Borrowing Costs
What the Bank of Canada’s July 15, 2026 MPR rate decision means for Ontario small business loans, lines of credit, and cash-flow planning.
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Ontario Construction Mid-Year Review 2026: Job Costing, WIP, and Holdback Before Q3
A mid-year financial review checklist for Ontario construction companies: job costing, WIP recognition, and Construction Act holdback before Q3. By Bader A. Chowdry, CPA, CA, LPA.
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Holdco Insertion in 2026: A Step-by-Step Plan With 5-Month Runway Before Year-End
How to insert a holding company above your Ontario operating company in 2026 – the step-by-step sequence, the s.85 election, creditor-proofing, and why starting in July gives a clean runway to a December 31 year-end. By Bader A. Chowdry, CPA, CA, LPA.
