info-suisse April-May 2010 / April 2010
Electronic Filing Requirements for GST/HST Registrants
Under the new measures, the following registrants will be required to file their GST/HST returns electronically:
- GST/HST registrants (excluding charities) with annual taxable supplies (including those supplies made by associated companies) greater than $1,500,000;
- GST/HST registrants who are restricted from claiming the full amount of the provincial portion of the HST on certain inputs (i.e. energy, telecommunication services, certain types of vehicles, fuel, food and entertainment) purchased in Ontario or British Columbia; and
- Builders in Ontario and British Columbia who are affected by the transitional HST housing measures.
There are four methods for electronically filing a GST/HST return – GST/HST NETFILE, GST/HST Internet File Transfer, GST/HST electronic filing through a financial institution and GST/HST TELEFILE. These methods are summarized on the CRA’s website under the following link:
GST/HST remittances for an electronically filed GST/HST return can be made using one of the following options:
- Paying electronically using the CRA’s My Payment option;
- Paying electronically using a financial institution’s internet or telephone banking service;
- Mailing a cheque to the registrant’s tax centre along with form RC158 - GST/HST Netfile/Telefile Remittance Voucher (note: the CRA must physically receive the payment by the due date to avoid interest charges. The postmark date is not considered the date payment is received); or
- Paying in person at the registrant’s financial institution using form RC158 - GST/HST Netfile/Telefile Remittance Voucher (note: all payments of $50,000 or more must be made at the registrant’s financial institution).
For more information please contact the tax department at Cunningham LLP.