4. HST / Payroll / CRA

The best advice when it comes to handling and dealing with the CRA is to ask them directly. As a small business owner you might want to consider utilizing the Liaison Officer services for free tax help for small business owners and self-employed individuals.

Some quick facts though to help get you started is to consider your revenues (how much you made in total sales or billings before deducting expenses). If your revenues are greater than $30,000 in one year, then it is a requirement to register for and collect HST. To register you can follow the online registration, or contact/call the CRA. To learn more about HST, or when you need to collect it Please visit the CRA Site.

When it comes to Payroll, there are a few ideas to consider which we will be covering in the Human Resources section. One concept to consider will be the need to register with the CRA to collect the mandatory employment deductions. To learn more and how to register please visit the payroll section of the CRA site. In addition you can always contact the CRA to register or learn more contact/call the CRA.