Hi,
I am negotiating with a Company to work as Consultant. That Company is advising me to Incorporate . After Incorporating, I will submit Invoice to the company for my consultancy work. My questions are
1- Do I have to charge GST also to Company in my Invoice ?
2- After That I have to remitt GST to govt in how much time?
2- Does we get any tax credit for GST Charged/Paid ?
Thanks In Advance for any Help
Note- Yearly consulting will be more than 40,000

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Driller the thriller

I found in CRA website that No GST is chargable if goods/services are performed out of Canada?
Is that correct??

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Driller the thriller

1. Yes, you have to charge the GST on your invoice amount
2. If you pay GST to Govt quarterly you have to pay 5% to Govt. (1%-2%) will be yours. Check with CCRA, I am not sure what procedure is now after GST changed from 7% to 6%. But I paid 5% quarterly many years when I was doing consulting.
3. No Tax Credit you will get aginst paid/charge GST

Regester yourself as INC, you will let lower tax rate and more options to save taxes.

I found in CRA website that No GST is chargable if goods/services are performed out of Canada?
Is that correct??
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Any Input on above clarification?

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Driller the thriller