Tax Instalments

If you file your returns annually, you must generally remit the taxes you collect in four quarterly instalments, using the form sent to you for each instalment.

Instalments must be paid no later than one month after the last day of each fiscal quarter.

You are not required to pay by instalments if the net amount of GST that you paid for the previous year, or that you expect to pay for the current year, is less than $3,000 (or less than $1,500 for fiscal years beginning in 2007 or before). The same rule applies to the payment of the QST.

Simply file your return at the end of your fiscal year and remit the net amount of GST and QST payable, or claim a refund, as applicable.

The return you file at the end of your fiscal year enables you to determine the net amount of GST and QST you actually owe (or the refund you may claim) and to adjust your future quarterly instalments as required.