PST & GST Returns
What is GST and PST?
GST (Goods and Services Tax) and PST (Provincial Sales Tax) are two types of sales taxes in Canada that businesses must collect, report, and remit to the appropriate government authorities.
GST is a federal tax applied to most goods and services sold in Canada, currently set at 5%.
PST, on the other hand, is a provincial tax applied in specific provinces, with rates and rules varying by province (e.g., British Columbia has a 7% PST).
Businesses registered for GST or PST are responsible for charging the correct tax on taxable transactions, maintaining accurate records, and submitting regular tax returns to report their sales and remit the collected taxes.
What is a GST Return and a PST Return?
PST Returns
Filing a PST return also refers to claiming the PST you pay on services or supplies that you need to run your business. Those purchases could be eligible for a credit, up to a certain limit. This credit is commonly called a ‘write-off’ or ‘business expense’.
GST Returns
Filing a GST/HST return also refers to claiming the GST/HST you pay on services or supplies that you need to run your business. Those purchases could be eligible for a credit, up to a certain limit. This credit is commonly called a ‘write-off’ or ‘business expense’.
PST & GST Return Services
Navigating Canada’s sales tax system can be challenging for business owners. At Strategic Tax & Business Services, we simplify the process by managing all aspects of your Provincial Sales Tax (PST) and Goods and Services Tax (GST) returns. Whether you operate locally or across multiple provinces, our team ensures your filings are accurate, on time, and compliant.
Expert Assistance with Sales Tax Compliance
Staying compliant with sales tax regulations is critical to avoid penalties and interest. Our team of professionals has extensive experience working with businesses of all sizes to ensure accurate calculation, reporting, and filing of PST and GST returns. Let us handle the complexities, so you can focus on running your business.
Customized Tax Solutions for Your Business Needs
Every business has unique sales tax requirements. Whether you operate on a cash or accrual basis, file monthly, quarterly, or annually, we tailor our services to your specific needs. From identifying exemptions to determining applicable rates across jurisdictions, we provide customized solutions that align with your business goals.
Want To Ensure You're Maximizing Your Return?
Timely and Accurate Filing of PST & GST Returns
Missed deadlines can lead to costly penalties. We prioritize timely submissions to ensure your PST and GST returns are filed well ahead of deadlines. With our organized processes and attention to detail, you can trust us to meet all compliance requirements efficiently and accurately.
Navigating Provincial and Federal Tax Regulations
Canada’s tax system is intricate, with both federal GST and varying provincial PST regulations. Our expertise helps you navigate these differences seamlessly. Whether you’re operating in Alberta, British Columbia, or across Canada, we ensure your business adheres to all federal and provincial tax laws.
Ensuring Compliance with Canadian Tax Laws
Compliance is key to avoiding audits, penalties, or unexpected CRA inquiries. Strategic Tax & Business Services stays updated on the latest Canadian tax laws, ensuring that your business remains compliant at every stage. We provide the peace of mind you need, knowing your tax obligations are managed accurately.
