It was the first year I had to collect HST, so I have never done that before.
To do this, you will need to prepare a GST/HST return, where you report all the sales tax collected, and then recover the GST/HST you paid by claiming input tax credits (ITCs). This CRA website has more info on submitting a GST/HST return: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/complete-f...
If you have TurboTax Live Assist & Review, here is how to talk to a Tax Expert: https://turbotax.community.intuit.ca/community/navigating-turbotax/help/i-m-using-turbotax-live-assi...
To do this, you will need to prepare a GST/HST return, where you report all the sales tax collected, and then recover the GST/HST you paid by claiming input tax credits (ITCs). This CRA website has more info on submitting a GST/HST return: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/complete-f...
If you have TurboTax Live Assist & Review, here is how to talk to a Tax Expert: https://turbotax.community.intuit.ca/community/navigating-turbotax/help/i-m-using-turbotax-live-assi...
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