Registration Process for GST Taxation at Woodbridge, Ontario

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Basically, for registration of GST taxation at Woodbridge, Ontario one has to apply to the Canada Revenue Agency for a GST registration number This is also known as a business number which one can then use on all their invoices, in their accounting system, and in all their GST taxation at Woodbridge, Ontario  related correspondence with the CRA.

The registration of GST taxation at Woodbridge, Ontario is quick and easy. One can complete their registration of GST taxation at Woodbridge, Ontario either online or over the phone by calling the Canada revenue agency or by downloading RC1- Request for a Business Number. This form is to be filled completely and then mailed to the CRA for getting the registration of GST taxation at Woodbridge, Ontario process completed. Once a person completes the registration of GST taxation at Woodbridge, Ontario then they are ready to collect and remit the GST.

People who have registered their GST taxation at Woodbridge, Ontario can also close or deregister their GST account if in future they do not wish to continue the same. That is for instance, if a persons small business revenue drops below the $30,000 annual threshold at at Woodbridge, Ontario which means that they have to charge GST then they can close their GST account at GST taxation at Woodbridge, Ontario and reclaim their small supplier status according to the Canada Revenue Agency.

Thus one would be paying GST on their business purchases and expenses at at Woodbridge, Ontario. If one does not register for GST taxation at Woodbridge, Ontario then they can collect and remit the GST but they will not be able to recover any of the GST taxation at Woodbridge, Ontario they pay out in the course of their commercial activities.