GENERAL SALES TAX (GST)
General sales Tax (GST)
Simplify, Streamline, GST Solutions
Broadmoor specializes in GST services, simplifying compliance with Canadian tax laws.
We streamline the process, providing efficient solutions tailored to your business needs. With our expertise, we ensure accurate GST filings, helping you navigate the complexities of Canadian tax regulations with ease and confidence.
Adherence to Tax Laws
Our services compliant with federal and provincial tax laws, including regulations set by the Canada Revenue Agency (CRA).
What it includes
- Data Collection: Gather transaction records including sales, purchases, and expenses subject to GST.
- Calculation: Calculate GST owed or refunds due based on collected transaction data.
- Filing Preparation: Prepare and complete GST returns accurately in compliance with Canadian tax laws.
- Review: Review GST returns for accuracy and compliance with reporting requirements.
- Submission: Electronically file GST returns with the Canada Revenue Agency (CRA) or submit paper returns by mail.
benefits to you
- Compliance: Ensures accurate and timely GST filings, minimizing the risk of penalties and non-compliance with Canadian tax laws.
- Accuracy: Precisely calculates GST owed or refunds due, reducing errors and potential audit risks.
- Efficiency: Saves time and resources by outsourcing GST filing tasks to experts.
- Maximized Deductions: Identifies eligible GST credits and refunds, optimizing GST outcomes for businesses.
- Peace of Mind: Provides reassurance that GST filings are accurate and in compliance with regulatory requirements.
- Expert Guidance: Access to professional advice and support for GST-related queries or concerns, ensuring clarity and confidence in GST matters.
How we work
Understanding Client Needs
Consult with clients to grasp their requirements, goals, and preferences, ensuring alignment with their financial strategies.
Implementing Efficient Systems
Introduce easy-to-use tools and processes tailored to client needs, promoting accuracy, compliance, and streamlined operations.
Providing Feedback and Support
Offer continuous assistance, communication, and training to ensure clients effectively utilize systems and address any concerns.
What we will deliver to our clients
- Submission of the GST34 form (Goods and Services Tax) to report sales tax collected and claim input tax credits to the Canada Revenue Agency (CRA).
- Adherence to provincial tax regulations specific to each Canadian province or territory.
- Accurate calculation and remittance of GST/HST (Harmonized Sales Tax) based on applicable rates.
- Thorough review of GST input tax credits to maximize tax recovery for businesses.
- Assistance with GST registration and compliance requirements for businesses operating in Canada.
- Strategic guidance on GST planning to minimize tax liabilities and optimize cash flow.
- Handling of GST implications for imports, exports, and interprovincial transactions.
- Management of GST reporting and filing obligations, ensuring timely submissions to the CRA.
- Provision of guidance on GST implications for specific industries, such as real estate, manufacturing, and e-commerce.
- Expertise in navigating complex GST rules for special transactions, including rebates and exemptions.
- Assistance with GST audits and inquiries from the CRA, ensuring compliance and minimizing penalties.
- Proactive monitoring of changes in GST legislation and regulations to ensure ongoing compliance.
- Transparent communication regarding potential GST risks and opportunities for businesses.
- Dedicated support and ongoing assistance to address any GST-related inquiries or concerns promptly and professionally.
