Check this page for the latest updates on filing your HST return in Canada. This article provides comprehensive information on HST Netfile, including detailed instructions on how to file your HST return, important deadline dates, and other relevant details to assist those required to file an HST return in Canada.
Table of Contents
Canada HST Netfile News
Harmonized Sales Tax (HST) is a consumption tax levied on consumers and businesses in several Canadian provinces. Businesses that collect GST/HST are required to file a return annually to report and remit the taxes to the Canada Revenue Agency (CRA). HST is a combination of the federal Goods and Services Tax (GST) and provincial sales taxes.
Currently, HST is applicable in five Canadian provinces: Nova Scotia, Newfoundland and Labrador, New Brunswick, Prince Edward Island, and Ontario. Nova Scotia, Newfoundland and Labrador, and New Brunswick adopted HST in 1997, while Prince Edward Island and Ontario joined in 2010.
Canada HST Netfile Date
Taxpayers in Canada have several options for filing their tax returns, including the HST NETFILE service. This service enables taxpayers to file their HST returns and rebates directly to the CRA online.
Using HST NETFILE is the fastest and most convenient method for filing your HST return. You will receive an immediate confirmation message once your return is successfully submitted. Additionally, HST NETFILE is available on weekdays, allowing you to receive your refunds more quickly compared to other filing methods.
Other Ways to File HST Return
The Canada Revenue Agency offers several methods to file your HST tax return:
- Through Your Bank or Credit Union: File directly using services provided by your financial institution.
- By Phone via TELEFILE: Use the TELEFILE service to file your return over the phone.
- Through CRA My Business Account: Access and file your return online using the CRA’s My Business Account portal.
- Using CRA-Certified Third-Party Software: Employ third-party software that is certified by the CRA for filing HST returns.
When is the Deadline Date to file the HST return?
The date for filing your HST return varies according to your reporting period. Your personalized HST return form will display the specific deadline at the top. Note that you must file an HST return even if you have no business transactions or net tax to remit.
If your deadline falls on a Saturday, Sunday, or public holiday, the CRA will consider your return filed on time if it is received on the next business day.
Here are the different filing periods and their deadlines:
- Monthly: For a reporting period from July 1 to July 31, the deadline for filing and payment is August 31.
- Quarterly: For a reporting period from January 1 to March 31, the deadline for filing and payment is April 30.
- Annually (December 31 year-end): The deadline is three months after the end of your fiscal year.
- Annually (year-end other than December 31): For a custom year-end like August 31, the filing and payment deadline is November 30.
Additionally, if you are an annual filer and your net tax for the prior fiscal year was $3,000 or more, you may need to pay quarterly installments in the current fiscal year. This $3,000 threshold applies to your company’s total net tax, including all branches and divisions, even if they file separate forms.
How to file an HST Return in Canada?
Before filing your HST return via NETFILE, ensure the following steps are completed:
- Prepare Your Return: Make sure your return is in Canadian funds and that cookies are enabled in your browser. If you owe any amount, pay it to the CRA before filing.
- Access Code: To use HST NETFILE, you need a four-digit access code. This code remains the same for all future returns. If you wish to change it, use the GST/HST Access Code Online.
- Complete the Form: Access the online form through the ready-to-file page and enter your information. You will need to provide:
- Total sales and other revenue
- Total paid tax
- Total tax collected
- Any other debits or credits
- Review Your Information: After submitting the details, you will be informed whether you owe a refund or need to make a payment to the Canada Revenue Agency.
- Confirmation Number: Once you have successfully submitted your return, you will receive a six-digit confirmation number. For security, remember to close and restart your browser to ensure that your information is not accessible to others.
FAQs
Can I file my HST return late?
Yes, you can file your HST return late, but be aware that penalties and interest may apply. It is best to file as soon as possible to avoid additional charges.
How do I file my HST return in Canada?
To file your HST return in Canada, log in to the CRA’s My Business Account portal or use the CRA’s NETFILE service. Complete the required forms with accurate information and submit your return electronically.