During this health crisis that we are all facing, I am finding that there can be a lot of misinformation circulating around issues facing small businesses.   Especially information concerning HST remittances. In effort to streamline some accurate information, the following is what I have gathered directly through CPA Canada.

GST deferral – GST/HST remittances can now be deferred until June 30, 2020. Deferrals will similarly be available for customs duty and sales taxes for importers. It is unclear whether GST/HST returns will have to be filed while the deferral is in effect and we are following up with the government. 

The following link is where you can find up-to-date information concerning the Canada Revenue Agency and information on support the government is providing to businesses impacted by COVID-19.

https://www.canada.ca/en/department-finance/news/2020/03/additional-support-for-canadian-businesses-from-the-economic-impact-of-covid-19.html

Finally, I want to assure you that as an Accountant during tax season I am able to provide Accounting and Tax services several ways that do not require face-to-face contact.  If you would like to find out more about the services I provide contact me through email at susanivanovics@rogers.com You can also call or text me at 289 520-0706 or 905 383-2454