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Last year I charged QST/GST for my services, assuming I’d make more than 30k. However, many of my clients being international (thus zero-taxed), my actual GST/QST taxable sales were just under 30k. But if you add the tax I charged, then it’s over 30k. What do I do now? Send in all the GST/QST I collected even though it’s for less than 30k and expect some kind of return or what?
If you have already registered for a GST/QST number, then you have to remit the the sales tax collected from Canadian customers to the CRA and Revenue Quebec, less applicable input tax credits. Do not charge GST/QST to customers located outside Canada. You will also have to file GST and QST Returns.