For information on the Provincial Sales Tax in your province, click on a province.
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The governments of Canada, Nova Scotia, New Brunswick, and Newfoundland and Labrador harmonize provincial retail sales taxes (PST) in these provinces with the Goods and Services Tax (GST). This single value-added tax is called the Harmonized Sales Tax (HST). For further information, see document ARCHIVE - Goods and Services Tax (GST) and Harmonized Sales Tax (HST).
If you conduct business as a proprietorship or a partnership, report your share of gross and net profits (or losses) for the business' fiscal period on your individual tax return (T1). For further information on T1 tax forms, see document Income Tax Returns - T1 General Income Tax and Benefit Return.
For an incorporated company, file a corporation tax return (T2) within six months of the end of the corporation's fiscal period. For further information on T2 tax forms, see document Income Tax Returns - the T2 Corporate Income Tax Return and the T2 Short Return.
As a rule, you can deduct any reasonable expense you incur to earn business income. The expenses you can deduct include any goods and services tax (GST) you incur on these expenses unless you claim an input tax credit on these expenses. Therefore, enter only the business portion of expenses on the form. In addition, you cannot claim expenses you incur to buy capital property.
Deductions might include:
Canada Revenue Agency administers the Excise Tax Act - Goods and Services Tax and the Excise Act - Excise Tax and Duties. For further information, see document Excise Taxes.
You must be licensed for Excise Tax if you are manufacturing goods subject to Excise Tax and your sales exceed $50,000.00 in a calendar year. Some examples of goods subject to Excise Tax are clocks, watches, jewellery, gasoline and tobacco. For further information, see document Excise Taxes.
For information, see document Business Number - BN.
For a list of Canada Revenue Agency's Business Window offices, see document ARCHIVE - Canada Revenue Agency - Tax services offices and tax centres.
Through these windows you will also be able to get one-stop service including:
The benefits of the BN are less paperwork, more efficiency and reduced costs for both business and government.
For information on Corporation Capital Tax in your province, click on the province or territory where you want to incorporate.
For information in Ontario, contact the Corporations Tax Branch, Ministry of Finance at 1-800-263-7965.
For information in New Brunswick, contact the Revenue Division, Department of Finance at (506) 453-2138.
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Tax exemptions for aboriginal people date back to 1876, when the federal Indian Act was established. However, only Aboriginal people who are registered under this Act are exempt from tax - and then only under specific conditions. Some of the taxes that an Aboriginal business may be exempt from are the Goods and Services Tax (GST) or the Harmonized Sales Tax, Provincial Sales Tax (PST) and Income Tax. For further information on this subject, please visit the Canada Revenue Agency Web site.