Do I need GST/HST registration right away?

[SAMER MAHER]

Hi Folks,

I'm solo properties since few weeks, I'm planning to detect my business expenses i.e. car lease from my taxes and I dod not apply for GST/HST yet.
I heard that it's better to register starting from the next year and some other ppl said it's bad idea as I can only claim after having this registration done ( nothing will be considered before having the registration of GST/HST).
Can anyone help me with steps and best way forward?

 

[torontosm]

Hi Folks,

I'm solo properties since few weeks, I'm planning to detect my business expenses i.e. car lease from my taxes and I dod not apply for GST/HST yet.
I heard that it's better to register starting from the next year and some other ppl said it's bad idea as I can only claim after having this registration done ( nothing will be considered before having the registration of GST/HST).
Can anyone help me with steps and best way forward?

You should get your HST registration at the earliest as it will allow you to reclaim/offset HST paid on business expenses. There is no sense in waiting until next year.

 

[estartupindia]

EstartupIndia is a leading GST registration company in India, providing top-notch services to businesses. With a team of experienced professionals, they ensure a seamless and hassle-free gst registration process.

 

[Copingwithlife]

EstartupIndia is a leading GST registration company in India, providing top-notch services to businesses. With a team of experienced professionals, they ensure a seamless and hassle-free gst registration process.

Probably just shooting blanks here , but more than likely they want to register for a GST/HST number in Canada,since last time I looked this was a Canada focused forum

 

[UGS Sravanthi]

Whether you need to register for GST/HST right away depends on your specific circumstances. Generally, you need to register if your revenue exceeds certain thresholds. You can find more information on the Canada Revenue Agency website here. Unicorn Global Solutions can help you determine if you need to register and guide you through the process. Contact us today to learn more about our GST/HST services at ugsdxb.com.