5 GST/HST Filing Tips That Save Time and Money

1. File on Time

Late filing penalties start at 1% of the amount owing plus 0.25% for each month late, up to 12 months. Set reminders for your filing deadlines.

2. Choose the Right Filing Frequency

If your annual revenue is under $1.5 million, you can file annually. Between $1.5M and $6M, you must file quarterly. Over $6M requires monthly filing.

3. Use the Quick Method

Small businesses with taxable revenue under $400,000 may benefit from the Quick Method, which simplifies GST/HST remittance calculations.

4. Track All Eligible ITCs

Don't leave money on the table — claim every eligible Input Tax Credit. MapleExpense's AI categorization ensures no deductible expense is missed.

5. Reconcile Regularly

Don't wait until filing time. Monthly reconciliation catches errors early and makes filing painless.