• Last Updated:
  • Apr 18th, 2017 9:39 pm
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[OP]
Deal Addict
Nov 2, 2003
1065 posts
26 upvotes

HSP payments

i am opening a snack vendoring distribution. i notice that hst is needed to be remitted only if the sales exceed 30k. i am also a fulltime employee. does my paycheck count in this 30k or is it just the revenues from this vending business must exceed 30k?
if you dont have an answer, dont repond to my thread.
I need answers, and thats why i use redflagdeals forums.
2 replies
Deal Addict
Nov 22, 2015
2074 posts
1103 upvotes
junkone wrote:
Apr 18th, 2017 8:20 pm
i am opening a snack vendoring distribution. i notice that hst is needed to be remitted only if the sales exceed 30k. i am also a fulltime employee. does my paycheck count in this 30k or is it just the revenues from this vending business must exceed 30k?
Find yourself an accountant... this is a 'personal' finance forum...
Deal Fanatic
User avatar
Nov 19, 2004
7126 posts
897 upvotes
Cambridge, ON
junkone wrote:
Apr 18th, 2017 8:20 pm
i am opening a snack vendoring distribution. i notice that hst is needed to be remitted only if the sales exceed 30k. i am also a fulltime employee. does my paycheck count in this 30k or is it just the revenues from this vending business must exceed 30k?
You do not have to register for HST until you reach 30k in your business. You can't collect HST until you are registered. Once registered, you have to collect and remit HST even if you haven't reached 30K.

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