Description of items

• GST/HST registrants - A GST/HST registrant is a person who has registered or is required to be registered for the GST/HST. "Person" means an individual, a partnership, a corporation, the estate of a deceased individual, a trust, or any organisation such as a society, a union, a club, an association, or a commission.
  
  
• GST/HST returns - The total number of GST34 forms received and receivable from GST/HST registrants during the period is reported as the number of GST/HST Tax Returns in the Tables.
  
  
• GST/HST collected - This amount is based on all GST/HST charged, at 7% GST or 15% HST, on paid and unpaid invoices during the reporting period. The total of GST collected in a reporting period is based on all GST/HST collected and collectable reported on line 105 of Form GST34, and includes adjustments from all forms filed by GST/HST registrants.
  
  
• Input tax credits (ITC) - Registrants can claim an ITC to recover the GST/HST paid or owed for goods or services acquired, imported, or brought into a participating province for use, consumption, or supply in the course of their commercial activities. The amount of ITC claimed in a reporting period is based on the total of all ITC amounts reported on line 108 of Form GST34 and includes adjustments.
  
  
• Net tax - The net tax reported is determined as the difference between the total amount of GST/HST collected and the ITC amount (line 105 minus line 108 of Form GST34). If the total amount of GST/HST collected is less than the amount of the ITC, the registrant can claim a refund
  
  
• Refund claimants - The number of refund claimants is calculated as the number of GST/HST registrants who claimed a refund for the reporting period on their Form GST34.
  
  
• Returns with refunds - The returns with refunds are obtained from the total of GST34 Forms with a refund claimed amount associated with the reporting period.
  
  
• Refunds claimed - The refunds claimed reported in the compendium were processed as the total of all refund claimed amounts reported on line 114 of the GST34 Forms filed during the reporting period.
  
  

Date modified:

2005-04-04