Starting a new business in Canada comes with its share of financial responsibilities, one of which is understanding the Goods and Services Tax (GST) and Harmonized Sales Tax (HST). This blog post delves into the essential knowledge you need about GST/HST, how it affects your business operations, and the common pitfalls to avoid. We'll also provide practical tips on ensuring compliance and optimizing your tax obligations. Whether you're in Victoria, Vancouver, or any other region served by Maycock & Company LLP, this guide is tailored to help you navigate the complexities of GST/HST efficiently.