GST Return Preparation

We assist clients with the preparation of GST returns, whether clients do their own bookkeeping or we complete it for them.

There are three filing frequencies for GST returns based on the company’s gross annual revenue. The threshold amounts and reporting frequencies are:

 Threshold Amount Reporting Period Options
$1,500,000 or less Annual, quarterly, or monthly
More than $ 1,500,000 but not more than $6,000,000 Quarterly, or monthly
 More than $ 6,000,000 Monthly
  1. Monthly.  The GST return and payment is due one month after the end of the reporting period.   For example, a GST return for the month of January is due February 28.
  2. Quarterly. The GST return and payment is due one month after the end of the reporting period.   For example, a GST return for the quarter, January – March is due on April 30.
  3. Annually. The GST return and payment is due three months after the end of the reporting period. For example, a GST return for the fiscal year January – December is due on March 31.

We can advise what your options are with respect to the filing frequency, and taking into account your particular circumstances, we can advise which reporting period makes the most sense for your business.

Other services we offer clients with respect to GST include opening a GST account, changing the filing frequency of GST returns, and changing the reporting period on GST accounts to coincide with the company’s fiscal year end.