Reporting Periods
You must file GST and QST returns at the end of each reporting period.
Revenu Québec assigns you a filing frequency at the time you register, based on the estimated amount of your annual taxable and zero-rated sales in Canada, including the sales of your associates.
The assigned filing frequency may be monthly, quarterly or annual; however, you may elect to adopt a different filing frequency if the amount of your sales warrants such a change.
If your fiscal year began in or after 2008
| Annual taxable sales
|
Assigned filing frequency
|
Possible election
|
| $1,500,000 or less
|
annual
|
monthly or quarterly
|
| Over $1,500,000 up to $6,000,000
|
quarterly
|
monthly
|
| Over $6,000,000
|
monthly
|
none
|
The beginning and the end of your reporting period are determined based on your fiscal year.
- Example
-
If your filing frequency is annual and your fiscal year ends on December 31, your reporting period will begin on January 1 and end on December 31.
For your first year, your reporting period begins on the date of registration and ends on December 31.
If you expect to claim ITCs and ITRs on a regular basis, it may be to your advantage to file returns more often. Please note that once you elect a particular filing frequency, you are generally not allowed to change it until the end of your fiscal year.