Come-By-Chance is a newly created proprietorship owned by Charlie Chance and it has a December 31 year
Fantastic news! We've Found the answer you've been seeking!
Question:
Come-By-Chance is a newly created proprietorship owned by Charlie Chance and it has a December 31 year end. It operates white-water rafting trips along the Bow River in Alberta and has not registered to collect the GST. The business is seasonal, with the following trip fees received in 2018:
June $ 5,200
July 13,400
August 9,500
Total 2018 Revenue $28,100
To date, revenue received in 2019 is as follows:
May $ 1,300
June $ 6,200
Required:
Advise Come-By-Chance if registration for the GST is required and include the reasons for your answer. If required, state when GST collection should start and by what date registration must be completed.
Related Book For
Canadian Income Taxation Planning And Decision Making
ISBN: 9781259094330
17th Edition 2014-2015 Version
Authors: Joan Kitunen, William Buckwold
Posted Date: