By registering for an HST or GST account on income before it reaches $30,000 your business is able to claim for the HST/GST refund that you have paid on your purchases.

Question

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Registering for an HST or GST account before reaching the $30,000 threshold allows a business to claim Input Tax Credits (ITCs) for the GST/HST paid on business-related purchases and expenses, potentially leading to a refund.

By Registering for an HST or GST Account on Income