Bifalgorithm post

If you have a GSD HST number, you must file GSD HST returns regularly. And that's true even if your business income drops below $30,000 or even drops to zero in the year, you still have to file regular returns. Now, when you set up your account, you may have set up to file quarterly, which is every three months, or you may have set up to file annually. But whichever you did, you must file a return for each of those time slots as long as you have a GST HST number. The only people who don't have to file GST HST returns are people who don't have an active GST HST number. Those are people who didn't register in the first place or people who have closed their account. So while it's true that if your business has less than $30,000 worth of income in the year, you don't have to register. Once you are registered, you do have that filing requirement until you close the account and then the filing obligation goes away.

If you have a GSD HST number, you must file GSD HST returns regularly. And that's true even if your business income drops below $30,000 or even drops to zero i…