File Tax Id Number

Question: Getting a tax id for income from last year?

I do not have a tax id number. I just starting selling handpoured candles but I’m not really making much money at it. Is it too late to get a tax id and file for income and expenses from last year? Right now the expenses outweigh the income by far. Do I have to get a tax id if I never make a profit (it’s more of a hobby than a business)?

Answer: You do not need to get a GST tax number if you make less than $30,000 in a year. If you just got started, I doubt you made that much.

You can see more info about who needs a GST tax number, and how to register for one in the future here:

http://www.cra-arc.gc.ca/tax/business/topics/gst/soleprop/registering/menu-e.html

Legal Notices in the July 1st Edition of the St. James Plaindealer.

July 1st Legals

Self-Help: Individual Taxpayer Identification Number