Global Accounting Services Inc.

A variety of clients and businesses, from personal income tax clients to small and medium-sized businesses with revenues from $0 to $10M. Services span personal income tax, wealth management, business plan preparation, tax strategy and consulting.

You must charge GST/HST if you exceed $30,000 in four consecutive quarters or exceed $30,000 in any single calendar quarter. Below those thresholds the CRA considers you a small supplier. Taxi and ride-share drivers must register immediately.

Goods and Services Tax and Harmonized Sales Tax are value-added taxes levied by the CRA. Ontario harmonized the federal and provincial rates and charges a flat 13%.

It depends. If you do not register you forgo the opportunity of receiving a GST/HST refund, a benefit only given to those registered. That can be sizable in the early days of a business when many costs are incurred, particularly for renovations, construction and rent.

There are three filing frequencies - annual, quarterly and monthly - and the right one depends on your individual circumstances.

Filing requires tallying all GST/HST charged on invoices and offsetting it against GST/HST paid on qualified purchases for the period. It requires detailed record-keeping and is subject to CRA review and audit for up to seven years after filing.

Certain businesses can qualify for the quick method, which calculates GST/HST as a percentage of revenue rather than tallying individual invoices and receipts, and can avoid monthly and quarterly returns.

No business is required to incorporate. Without incorporating you are a sole proprietor for income tax purposes and file your business affairs with your personal return, though you still have to register for GST/HST if you exceed the small supplier thresholds.

It is not required, but tax laws change every year and are complex. A misrepresentation can put you at risk of a personal tax audit, which can affect everything from accessing your money at the bank to obtaining future financing.

A variety of clients and businesses, from personal income tax clients to small and medium-sized businesses with revenues from $0 to $10M. Services span personal income tax, wealth management, business plan preparation, tax strategy and consulting.

You must charge GST/HST if you exceed $30,000 in four consecutive quarters or exceed $30,000 in any single calendar quarter. Below those thresholds the CRA considers you a small supplier. Taxi and ride-share drivers must register immediately.

Goods and Services Tax and Harmonized Sales Tax are value-added taxes levied by the CRA. Ontario harmonized the federal and provincial rates and charges a flat 13%.

It depends. If you do not register you forgo the opportunity of receiving a GST/HST refund, a benefit only given to those registered. That can be sizable in the early days of a business when many costs are incurred, particularly for renovations, construction and rent.

There are three filing frequencies - annual, quarterly and monthly - and the right one depends on your individual circumstances.

Filing requires tallying all GST/HST charged on invoices and offsetting it against GST/HST paid on qualified purchases for the period. It requires detailed record-keeping and is subject to CRA review and audit for up to seven years after filing.

Certain businesses can qualify for the quick method, which calculates GST/HST as a percentage of revenue rather than tallying individual invoices and receipts, and can avoid monthly and quarterly returns.

No business is required to incorporate. Without incorporating you are a sole proprietor for income tax purposes and file your business affairs with your personal return, though you still have to register for GST/HST if you exceed the small supplier thresholds.

It is not required, but tax laws change every year and are complex. A misrepresentation can put you at risk of a personal tax audit, which can affect everything from accessing your money at the bank to obtaining future financing.

A variety of clients and businesses, from personal income tax clients to small and medium-sized businesses with revenues from $0 to $10M. Services span personal income tax, wealth management, business plan preparation, tax strategy and consulting.

You must charge GST/HST if you exceed $30,000 in four consecutive quarters or exceed $30,000 in any single calendar quarter. Below those thresholds the CRA considers you a small supplier. Taxi and ride-share drivers must register immediately.

Goods and Services Tax and Harmonized Sales Tax are value-added taxes levied by the CRA. Ontario harmonized the federal and provincial rates and charges a flat 13%.

It depends. If you do not register you forgo the opportunity of receiving a GST/HST refund, a benefit only given to those registered. That can be sizable in the early days of a business when many costs are incurred, particularly for renovations, construction and rent.

There are three filing frequencies - annual, quarterly and monthly - and the right one depends on your individual circumstances.

Filing requires tallying all GST/HST charged on invoices and offsetting it against GST/HST paid on qualified purchases for the period. It requires detailed record-keeping and is subject to CRA review and audit for up to seven years after filing.

Certain businesses can qualify for the quick method, which calculates GST/HST as a percentage of revenue rather than tallying individual invoices and receipts, and can avoid monthly and quarterly returns.

No business is required to incorporate. Without incorporating you are a sole proprietor for income tax purposes and file your business affairs with your personal return, though you still have to register for GST/HST if you exceed the small supplier thresholds.

It is not required, but tax laws change every year and are complex. A misrepresentation can put you at risk of a personal tax audit, which can affect everything from accessing your money at the bank to obtaining future financing.

Global Accounting Services Inc. is at 49 Hillcrest Ave, Brampton, ON L6W 4V4, Canada.

You can reach Global Accounting Services Inc. on (905) 451-8081.

Monday 09:00-16:30; Tuesday 09:00-17:00; Wednesday 09:00-17:00; Thursday 09:00-17:00; Friday 09:00-16:00. Closed on Saturday and Sunday.

Yes. Their website is http://globalaccounting.ca/.

Staff speak English, Sinhala and Tamil.

Google lists accessible parking at this location.

Google lists a free parking lot.