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VAT number
Hello, I am planning to start a business in Canada and want to know if I need VAT number? Could you tell me more about this?
Posts: 117
Re: VAT number
Hello! In Canada, VAT system is called the Goods and Services Tax (GST), which is a value-added tax. If your business earns more than $30,000 in annual revenue, you will need to register for GST number. There are several benefits to having vat number canada. Firstly, you will be able to claim back GST that you pay on your business expenses. This means that you won't be paying tax twice on the same item. Additionally, having GST number can give your business more credibility, as it shows that you are registered and operating legally.
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