Earned $31,500 freelancing? CRA already owns you. 1. The GST/HST registration threshold is $30,000 in gross revenue — not profit. A photographer earning $32,000 but keeping only $18,000 after expenses still must register. → $30,000 2. The trap hits even if no single quarter breaks $30,000 — four quarters totalling $31,500 (like $6K, $8K, $9K, $8.5K) still triggers mandatory GST/HST registration. → $31,500 3. Miss the registration deadline and the CRA can assess you for GST/HST you never collected from clients — plus interest and penalties on top. 4. You can voluntarily register before hitting $30,000, which lets you claim input tax credits on your business expenses right away. → $30,000 Full guide 🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.