If your gross sales reach $30,000.00
per year, you are required to register for GST.
Otherwise, it is optional. In some
cases it is beneficial to register for the GST right
at the start of your business. For example, if you
are buying equipment, you will only be eligible to
get your GST rebate on the GST you pay for the
equipment if you are already registered for the GST.
A double-barrelled shot of tumbling oil prices and more bad news from one of Canada's big banks pushed the S&P/TSX composite index under 8,000 points for the first time in more than five years.
Finance Minister Jim Flaherty announced Thursday he will deliver a long-awaited economic update next week, even as a newly released report forecast a possible $5.3 billion in federal deficits over the next two years.
Federal Industry Minister Tony Clement said Thursday the Big 3 domestic automotive companies and their unions need to come up with a plan for the industry's long-term future.
