Want to get a business number? Find out how by clicking the link. Business Number Registration

You can register for a business number (BN) and four main Canada Revenue Agency (CRA) program accounts. You can also use BRO to register for the following four CRA program accounts:

corporation income tax
GST/HST
payroll deductions
import-export

If you need to register for other CRA program accounts that are not found in BRO, go to How to register.

Do not want to take a trip down to the post office to mail a cheque to the Canada Revenue Agency? Click the link and find out how you can make the payment online CRA – My Payment.

Want to find out more about your taxes and the due dates of your harmonized taxes, payroll and corporate tax installments and much more? Click the link and find out how you can manage it all online. My Account – Business.

Important Dates 2016 – Businesses which you should know about that apply to your business activities. These include:

when to file income returns
when to file information returns
when to make payments, including any to your installment accounts
When the due date for filing a return falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, we consider the return to be filed on time if it is sent to us on the next open business day.

When the due date for making a payment falls on a Saturday, a Sunday, or a public holiday recognized by the CRA, we consider the payment to be made on time if we receive it on the next open business day.

The CRA offers a mobile app that lets you create reminders of dates that are important for your business. For more information, go to Mobile apps.

FEDERAL RATES

The basic rate of Part I tax is 38% of your taxable income, 28% after federal tax abatement.

After the general tax reduction, the net tax rate is 15%.

For Canadian-controlled private corporations claiming the small business deduction, the net tax rate is 10.5%.

PROVINCIAL OR TERRITORIAL RATES

Generally, provinces and territories have two rates of income tax – a lower rate and a higher rate.

Lower rate

The lower rate applies to the income eligible for the federal small business deduction. One component of the small business deduction is the business limit. Some provinces or territories choose to use the federal business limit. Others establish their own business limit.

Higher rate

The higher rate applies to all other income.

Provincial and territorial tax rates (except Quebec and Alberta)

The following table shows the income tax rates for provinces and territories (except Quebec and Alberta, which do not have corporation tax collection agreements with the CRA ). These rates are in effect January 1, 2017, and may change during the year.

Provincial and territorial lower and higher tax rates not including Quebec and Alberta

Province or territory	Lower rate	Higher rate
Newfoundland and Labrador	3%	15%
Nova Scotia	3%	16%
New Brunswick	3.5%	14%
Prince Edward Island	4.5%	16%
Ontario	4.5%	11.5%
Manitoba	nil	12%
Saskatchewan	2%	12%
British Columbia	2.5%	11%
Nunavut	4%	12%
Northwest Territories	4%	11.5%
Yukon	3%	15%

Forgot to file on time and have to pay penalties and interests. The Canadian Income tax act ITA stipulates the prescribed interest rate which varies for each calendar quarter. Click the link and find our the current rate to calculate what would be the interest owed to the CRA. Prescribed Interest Rates – Federal

Prescribed Interest Rates – Ontario is the interest charged to any amount you owe to the Ministry of Finance, or the ministry owes to individuals and corporations.

Not sure about the Good & Services & Harmonized Sales Tax rates which are applicable! Find out all about the GST/HST rates.

If you need to file your HST return online and need an access code and have not received one or lost the information then you can change your access code to a number of your choice by using GST/HST Access Code Online.

GST/HST ACCESS CODE ONLINE

GST/HST Access Code Online lets you change your access code to a number of your choice. Your new access code can be used to file all future returns. Your original access code will no longer be valid.

To change your access code, you will need to enter your business number and your choice of the following information from a previously filed return:

the reporting period and line 109 (net tax) where the amount on line 109 is not $0.00; or,
the reporting period and confirmation number from a return filed using GST/HST NETFILE, TELEFILE, or Internet File Transfer.

CONFIRMING A GST/HST ACCOUNT NUMBER
ON THIS PAGE:

How to confirm a GST/HST account number
What you need to know before using the GST/HST Registry
What to do after confirming the GST/HST account number
Start a GST/HST Registry search

HOW TO CONFIRM A GST/HST ACCOUNT NUMBER

Use the GST/HST Registry to confirm that the business charging you GST/HST is registered. This will help ensure that your claims for input tax credits only include GST/HST charged by someone who is registered for GST/HST.

To confirm a QST number, go to Revenue Québec.

WHAT YOU NEED TO KNOW BEFORE USING THE GST/HST REGISTRY

The GST/HST Registry is a free service. To use it, you need all of this information:

GST/HST ACCOUNT NUMBER

Enter only the first nine digits of the GST/HST account number. Do not include letters.

A supplier must include the GST/HST account number on receipts, invoices, contracts, or other business papers it gives out when it supplies taxable goods or services of $30 or more.

If you can’t find the GST/HST account number, contact your supplier. When your supplier does not provide their GST/HST account number, call the Canada Revenue Agency’s Business enquiries line at 1-800-959-5525 to confirm it is registered.

BUSINESS NAME

This is a supplier’s legal, operating, or trading name, displayed on an invoice or posted on a sign at the place of business.

If you do not get any results using the name displayed, contact the business owner to find out the exact name they gave to the Canada Revenue Agency.

TRANSACTION DATE

The transaction date is the date on the receipt, invoice, contract or other business paper.

WHAT TO DO AFTER CONFIRMING THE GST/HST ACCOUNT NUMBER

Print the Search Details screen to make sure you claim input tax credits only for GST/HST charged by suppliers who are registered.

START A GST/HST REGISTRY SEARCH

Search now

If you are having trouble using the GST/HST Registry, call the Canada Revenue Agency’s Business enquiries line at 1-800-959-5525.

Free Consultation

SMCPA Professional Corporation places the utmost priority to our client’s needs and requirements therefore in order serve them better, gain their trust without financially burdening them in this rigorous process of selecting a Chartered Professional Accountant, offer initial consultation at no cost. BOOK NOW!