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Canadian Tax Quiz Question 2

Correct!

Yes, you don't have to register for a GST or HST account with the Canada Revenue Agency if you're a sole proprietor with total taxable revenues of $30,000 or less in the last four consecutive calendar quarters. You may want to register voluntarily though, so you can claim Input Tax Credits to recover the GST/HST you paid or owe for goods or services you used conducting your commercial activities.

For more information on the GST Small Supplier exemption and Input Tax Credits, see Grappling With the GST or HST.

For information on how to register for the GST or HST, see What's the GST Registration Process?

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