Canadian company with US Clients (tax and other implications)
I do online IT consulting for clients in the US. I live and work in Mississauga. I have been doing this for about a year now. Based on incorrect information, I have been charging them HST and remitting it to CRA. I just found out that I shouldn't and have I stopped doing it.
P.S, I am sole proprietor and in the process of incorporating.
Thanks for all the info.
- When I report my income to CRA, how would they know that my income is from the US?
- Should I close my HST account.. I make about 5K from Canadian Clients and I am better off not charging them the extra 13%.
- Do I need a EIN or complete the W-8BEN-E? No one has asked me for one.
- Aside from saying SORRY, is there something that is required from me for charging my US clients HST
P.S, I am sole proprietor and in the process of incorporating.
Thanks for all the info.