Book Consultation

Accounting, bookkeeping and tax professionals serving individuals and owner-managed businesses across Langley and the Fraser Valley.

Get In Touch

Email contact@pactservices.ca
Phone 250-819-5344
Office 8661 201 Street, 2nd Floor, Langley, BC V2Y 0G9
GST/PST Filing

GST/HST and BC PST Filing

GST and PST are two different taxes with different rules, different registration thresholds and different filing systems, and businesses in British Columbia frequently have to deal with both. We handle registration, the periodic returns and the reconciliation between what your books say you collected and what you actually remitted.

You must register for GST/HST once your worldwide taxable revenue passes thirty thousand dollars in a single calendar quarter or over four consecutive quarters. BC PST has its own registration rules based on what you sell and where. Registering voluntarily before you cross the threshold is often worthwhile, because it lets you recover the tax you pay on start-up costs.

Registration

GST/HST and BC PST registration, program account set-up and advice on whether voluntary registration is worth it in your situation.

Input Tax Credits

A review of what you can actually claim — and what you cannot, such as the restricted portion of meals and entertainment or personal-use items.

On-Time Filing

Returns filed on your assigned annual, quarterly or monthly period, with the remittance amount confirmed to you before the due date.

Multi-Province Sales

Place-of-supply rules applied to where your customers are, so you charge the right rate and register only where you actually need to.

The Quick Method, and Keeping Your Support

Smaller businesses can elect the quick method, which remits a flat percentage of sales instead of tracking every input tax credit. For service businesses with few purchases it often produces a lower remittance and much less bookkeeping. For businesses buying significant goods or equipment it usually does not. We run both calculations against your numbers before recommending one.

Whichever method you use, every claimed credit needs an invoice behind it that shows the supplier’s GST number and the tax charged. Reviews of sales tax accounts are common, they are usually resolved by producing documents, and the businesses that come through them without an assessment are simply the ones that kept their support in order.

GST/PST Filing at PACT Professional Services
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GST/PST Filing: your questions answered

Once your taxable revenue exceeds thirty thousand dollars in one calendar quarter, or over four consecutive calendar quarters. Below that you are a small supplier and registration is optional, though often still worthwhile.

CRA assigns your reporting period based on revenue — annual for most small businesses, quarterly and then monthly as revenue grows. You can elect to file more frequently, which some businesses prefer for cash-flow reasons.

It depends on what you sell. Most goods sold in BC are subject to PST, while many services are not. We review your products and services and tell you what applies before you set up your invoicing.

Interest accrues on the balance and a penalty applies where an amount is owing. Chronic late filing also increases the likelihood of a review. If you are already behind we file the outstanding periods and, where appropriate, request relief.

Where you are registered and what rate you charge follow the customer’s province, not yours. We map your shipping destinations against the place-of-supply rules and set your storefront tax settings to match.

MORE FROM PACT

Other Services

Personal Tax Returns

T1 returns for employees, families, seniors, students, investors and the self-employed.

Corporate Tax Returns

T2 preparation and filing for incorporated businesses, with year-end adjustments and owner compensation planning.

Bookkeeping

Monthly or quarterly bookkeeping, reconciliations and statements you can actually read.

Payroll Services

Pay runs, source deductions, T4 and T5 slips, records of employment and WorkSafeBC reporting.

CRA Audit Support

Representation for reviews and audits, back-filing of late returns and payment arrangements.

Business Registration

Sole proprietorship registration, incorporation, CRA program accounts and first-year compliance set-up.

Financial Statements

Notice to reader statements, cash-flow reporting and the numbers your bank or lender asks for.

Trusted accounting & tax advisors for your business

Book a no-obligation consultation and we will review your books, your filing history
and the deadlines ahead of you.

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