How & When to File GST HST Netfile

How & When to File GST HST Netfile?

This article is for you if you are a business entity operating in Canada.


GST/HST Netfile

To file goods and services tax/harmonized sales tax (GST/HST) returns and qualifying rebates directly to the Canada Revenue Agency (CRA) online, registrants can use the GST/HST NETFILE program. Except for those with accounts managed by Revenu Québec, the facility is open to all GST/HST registrants.

The Ready to File page on the CRA website is where registrants access the online forms and fill out the necessary information. You receive quicker returns within seven days and rapid confirmation with this option, which is a significant benefit. Please read this article to learn more about GST/HST Netfile and its processes.


What is GST/HST?

In Canada, there are two different forms of sales taxes: provincial sales taxes and the goods and services tax (GST/harmonized sales tax, or HST). Value-added taxes, like the GST/HST, work on an input/output basis. These taxes, often known as GST/HST or consumer taxes, are indirect.

With certain exceptions, like the grocery industry, these taxes are levied on most goods and services produced or consumed in Canada. The taxpayer pays the input tax, or GST/HST, when they purchase goods or services. The output tax, or GST/HST, is collected by the same taxpayer from customers when it sells its goods. The taxpayer subtracts the input tax from the output tax and sends the remaining amount to the taxing body.


GST/HST Netfile Details


How to File GST HST Netfile?

You can submit your HST and GST Netfile online. The CRA’s netfile service is the best way to submit your GST or HST netfile. You can start the return filing procedure by going to the CRA website. Enter your information in the online form on the Ready to File page if you are qualified to use GST/HST NETFILE.

By choosing the “File a return” option in My Business Account, you can access GST/HST NETFILE, the quickest and most straightforward way to submit your tax return. Your returns can be paid through internet banking or the CRA’s My Payment service.

The CRA will provide a confirmation number once your return has been accepted and has undergone a preliminary review after you NETFILE it. A few seconds typically pass before the confirmation number appears on the screen. The confirmation number is something you should hold onto for your records.


GST/HST Netfile Dates

Monthly, quarterly, or yearly “filing periods” are available to GST/HST registrants. The GST/HST filing period affects your payment due date. One month following the end of the reporting period, monthly and quarterly filers are required to file the return and payment. The deadline for those who file a yearly return is June 15, the year after the tax year in question.

You must file your GST/HST Netfile return on the official CRA website before the due date. Otherwise, CRA can levy some penalties on you. You can also request an extension if you cannot file your GST/HST netfile amount in the required time.


GST/HST Netfile Guide

While filing out your GST/HST return via Netfile mode, you must consider noting the points discussed below:

  • You must have a legitimate business number. Ensure your company is already GST/HST registered with the CRA.
  • You must possess a CRA login ID and password. To use Netfile, you must first log into your CRA account. You can also permit someone else to file on your behalf.
  • The appropriate returns for the period you submit your GST/HST return.
  • Your company’s complete financial statements must be ready. You’ll need to compile data from your quarterly or annual financial statements.

The CRA may contact you after you obtain the confirmation number to ask for further information or verify specific facts. If not, the CRA will send you a Notice of Assessment after processing your return.



When will CRA receive and process my tax return?

The CRA will have your return after you have received your confirmation number from them. The CRA begins processing your return immediately, and it might take eight working days to process your return files.

Is GST/HST NETFILE safe and private?

Yes, the GST/HST Netfile facility is safe and private as the Canadian government provides it through its official portal CRA. The website employs cutting-edge encryption technologies and security measures to safeguard personal information.

Thanks for believing in our portal and reading the GST/HST Netfile with us. Please visit our website for additional articles on various taxing topics.

Source: CRA


Events & Sponsorship

Toronto Entrepreneurs Conference @ Mississauga

May 08, 2019 Our B.E.S.T. (Business Entrepreneurs Services Team) Group has participated in this event for first time. Toronto Entrepreneurs Conference and Trade Show is the largest Entrepreneurs event in Canada. The event which targets business owners, partners or...

Hispanic Fiesta 2018

September 04, 2018 RGB Accounting will participate in this event for a second year in a row. Hispanic Fiesta will be held at Mel Lastman Square in Toronto during the Labour Day Weekend, August 31st, Sept. 1, 2, & 3, 2018. Hispanic Fiesta is a four-day celebration...

Secure Your Future Seminar 2018

June 20, 2018 This event gathered business owners running a small or medium-sized business, self-employed and incorporated businesses willing to learn tax saving strategies to help them utilize their company assets to secure their retirement. We are proud of having...

2nd Latino Business Expo Show

May 19, 2018 The 2nd Latino Business Expo Show held on May 19th at Daniels Spectrum gathered a wide range of entrepreneurs and business owners avid to learn how to take their businesses to the next level. RGB Accounting participated as vendor and speaker at this...

Hispanic Fiesta 2017

September 04, 2017 Hispanic Fiesta, a celebration of Spanish and Latin-American: Arts, Food, Music and Entertainment, is a four-day celebration filled with the splendid sounds, tempting treats and colorful culture featuring 300 local, national and International...

Articles & Publications

Shareholder Owners Salaries vs Dividends

Shareholder Owners Salaries vs Dividends. Which Method is Better for You?   When is it better to pay yourself a salary vs. dividends as the owner/manager of a corporation?  Each method has pros and cons, and as a business owner, you should be aware of your options...

Understanding the Shareholder Loan

Understanding the Shareholder Loan. How to Use it to your Advantage and Stay Compliant with CRA If you are the owner-manager of a corporation, understanding the concept of the shareholder loan is essential to running your business. Below I will explain what a...

GST/HST for digital economy businesses

GST/HST for digital economy businesses Overview New rules for digital economy businesses are in effect as of July 1, 2021. As of July 1, 2021, digital economy businesses, including digital platform operators, may have potential goods and services tax/harmonized sales...