GST vs HST Explained for Canadian Businesses

Published: April 2, 2024 | By: MapleInvoice

Introduction

One of the biggest sources of confusion for Canadian freelancers and small business owners is understanding the difference between GST and HST. These two sales tax systems can seem complicated, but understanding them is essential for proper invoicing and tax compliance. Let's break it down in simple terms.

What is GST?

GST stands for Goods and Services Tax. It's a federal sales tax of 5% that applies across Canada. In some provinces, GST is the only sales tax. However, in other provinces, GST is combined with provincial sales taxes.

What is HST?

HST stands for Harmonized Sales Tax. It's a combined federal and provincial sales tax that replaces the separate GST and PST (Provincial Sales Tax). HST rates vary by province but range from 13% to 15%.

Key Differences Between GST and HST

Structure

Tax Rates

Administration

Which Provinces Use GST vs HST?

Provinces Using HST (Harmonized Sales Tax)

Provinces Using GST + PST (Provincial Sales Tax)

Provinces Using GST Only

How to Calculate GST and HST

Calculating GST (5%)

Formula: Amount × 0.05 = GST amount

Example: $100 × 0.05 = $5 GST

Calculating HST (13% Ontario)

Formula: Amount × 0.13 = HST amount

Example: $100 × 0.13 = $13 HST

Calculating Combined GST + PST (BC Example)

Formula: Amount × 0.05 + Amount × 0.07 = Total Tax

Example: $100 × 0.05 = $5 GST, $100 × 0.07 = $7 PST, Total = $12 tax

Need quick calculations? Use our free GST/HST calculator.

GST/HST Registration in Canada

If your annual revenue exceeds $30,000, you're required to register for GST/HST. Some benefits of registering include:

Tax-Exempt Supplies

Certain services are tax-exempt in Canada, including:

Charging Tax on Your Invoices

If you're registered for GST/HST, you must charge the appropriate tax on your invoices. When using our invoice generator, simply select your province and tax is automatically calculated.

Important Reminders

Conclusion

Understanding GST vs HST is crucial for Canadian business owners. While the two systems have differences, both are essential for maintaining compliance with Canadian tax law. Make sure you understand which system applies in your province and incorporate it correctly into your invoicing process.

For quick tax calculations on your invoices, use our free GST/HST calculator, or try our invoice generator which automatically calculates the correct tax for your province.