Question: How do I get an HST number for my real estate agent?

You can call CRA’s business inquiries line at 1-800-959-5525 and do it in five minutes on the phone. You’ll actually get your GST/HST number on the spot.

Do real estate agents collect HST?

HST applies to most of the services provided in completing the real estate transaction. For example, 13% HST is applied to the commission a REALTOR charges for facilitating a sale. The tax is paid by the person responsible for paying the commission – usually the seller.

Is real estate commission subject to HST in Ontario?

Do I have to pay taxes on the real estate agent commission? Yes, the seller has the pay HST in Ontario on the real estate agent commission.

How much does an HST number cost?

Our fee for registering GST/HST number is $39.95 plus applicable taxes. Registration never expires, unless you cancel it, so you register only once for the entire life of the business.

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Can an individual get an HST number?

In short, sole proprietors, contractors, consultants, small business owners and entrepreneurs with gross sales or revenues in excess of $30,000 or more in a single quarter or cumulatively over four quarters (a calendar year) must register for a GST/HST account.

Who pays HST buyer or seller?

When applicable, HST will be payable by the Assignor (buyer #1 from the builder) on the portion of the assignment sale price related to the return of deposits (paid to the builder by the assignor/seller) PLUS the gross profit (the difference between the builder price and the assignment price).

How much is HST in Ontario?

13% (HST) in Ontario.

How do I get a HST number for my real estate agent in Ontario?

If it’s time (or past time) for you to register for the GST/HST, the good news is that it’s easy to do. You can call CRA’s business inquiries line at 1-800-959-5525 and do it in five minutes on the phone. You’ll actually get your GST/HST number on the spot.

Do I need a business number to get an HST number?

A GST/HST account number is part of a business number (BN). If you don’t have a BN yet, you will receive one when you register for your GST/HST account. Register voluntarily for a GST/HST account. …

Do you need to register for HST?

You do not have to register. You may choose to register voluntarily if you make taxable sales, leases, or other supplies in Canada. Your effective date of registration is usually the day you request your GST/HST account (or up to 30 days before that day). You exceed the $30,000 threshold 1 in a single calendar quarter.

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Do independent contractors charge HST?

You do not charge or collect GST or HST on your income. You are subject to tax on most employment benefits. As an independent contractor you generally will not receive such benefits. Not surprisingly, the CRA will often take the position that you are really an employee.

Do you have to put HST number on invoice?

It is very important that your GST/HST number appear on the invoice. As a registrant, it is a requirement from the CRA. Without including that 9-digit number which ends in RT or RT001, you cannot charge GST/HST.

Do I need a business number to be self employed?

You need a Business Number (BN) if you are a Sole Proprietor or in a Partnership and you require what the CRA refers to as “Program Accounts”. Program accounts include GST/HST, Payroll, and Import/Export accounts.

Is business number and HST number the same?

Your GST/HST registration will contain the same number as your Business Number, and will end in RT 0001.