Andre_Mb
Returning Member

(TurboTax Business Incorporated) Small Business - Is GST Account registration required because of Covid Forgivable Loan Income?

Business is currently considered Small Supplier (not collecting GST as annual revenues under $30,000). However if addition of 2020 Covid forgivable loan qualifies as revenue, and brings annual revenue to just above $30,000, will additional forgivable loan income require registration for GST Account? (i.e. revenue different than taxable sales).