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GST/HST - The Basics

Navigating Canadian Taxation Laws

Created byAlex Garber
BeginnerUpdated Mar 27, 2024

What You'll Learn

  • check_circleDefine and differentiate between GST, PST, and HST, outlining their respective scopes and applications within the Canadian taxation system.
  • check_circleDemonstrate comprehension of the mechanics of value-added tax (VAT) from the perspective of a seller, including the process of calculating, collecting, and remitting GST/HST.
  • check_circleClassify various types of supplies, such as taxable, zero-rated, and exempt, and elucidate how these distinctions impact GST/HST obligations for businesses operating in Canada.
  • check_circleEvaluate eligibility criteria and procedures for GST/HST registration, including exemptions for small suppliers, and analyze the implications of registration status on reporting requirements and frequency.

About This Course

This course reviews the “basics” of GST & HST.  After taking this course, participants should be able to understand the fundamental rules of GST & HST and how they apply to businesses in Canada. 

Topics covered include:

  • Difference between GST, PST, and HST
  • Mechanics of the value-added tax from the seller’s perspective
  • Types of supplies: Taxable vs. Zero-rated vs. Exempt
  • Registration requirements and the “small supplier” exemption
  • Reporting frequencies – annual vs. quarterly vs. monthly
  • Input Tax Credits (“ITCs”)
  • Claiming ITC’s on expenses
  • Claiming ITC’s on purchases of capital property
  • Quick Method
  • Filing requirements, deadlines and penalties
  • Special circumstances

Course Content

1 activity • 1 videos • duration: 1h 5m

remove
Section 11 videos • 1.1 hours
  • videocamGST & HST
    Duration 65:31

Your Instructor

Alex Garber

Educator and Tax Advisor

menu_book20 courses
star7,665 reviews

Alex Garber, CPA, CA, MTax has been working in public accounting since 2004, focusing primarily on income taxation for Canadian owner-managed businesses and their shareholders. Alex presents PD seminars for CPA Ontario and facilitates at the CPA Canada In-Depth Tax Program. Alex is also a faculty member at the Schulich School of Business, York University, where he teaches income taxation at both undergraduate and master's levels. Alex started his career with Deloitte and Touche LLP in Toronto. He is currently an independent tax advisor, assisting various clients, sole-practitioners and CPA firms in Ontario.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.7 out of 5
Student's Choice
199 reviews
  • RJ
    Rob J.
    starstarstarstarstar

    It was good i would have like some more info re HST interactions with Real Property, but understand this is an intro course so I will look for another course to further my knowledge on that specific area. Overall the course was a good overview of HST rules in Canada.

  • MM
    Moiz M.
    starstarstarstarstar

    Yes, refreshing of HST rules.

  • CE
    Claudette E.
    starstarstarstarstar

    Some greater refresher points.

  • VN
    Vic N.
    starstarstarstarstar

    Yes, good refresher and learned a few new things

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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