I collected GST/HST - did I remit it correctly?

Collected tax is not your money.

Is this you?

  • I charged GST/HST to customers
  • I used the money for cash flow
  • I wasn't sure about remittance timing

"I'll sort GST/HST out later."

GST/HST collected is trust money belonging to the CRA. Late remittance creates immediate balances owing, penalties, and interest.

Why guessing is risky

  • Penalties apply for late remittance
  • Interest compounds quickly
  • CRA treats GST/HST more aggressively than income tax

Safe to ignore if

  • All collected tax was remitted on time
  • No GST/HST was charged

Stop and check if

  • GST/HST was collected but not remitted
  • Deadlines were missed

Resolve the doubt

Check my GST/HST remittance risk (2 minutes)

We'll tell you if this needs reporting and what to do next.

"Most people catch remittance gaps before penalties escalate."