As an Uber or Lyft driver in Canada, having a GST/HST number isn’t optional—it’s a key step in running your rideshare business legally and efficiently. It allows you to charge and remit taxes correctly while unlocking input tax credits for vehicle expenses and maintenance. Managing GST registration might feel complex, but ExonTax makes it effortless. We help you register, file, and stay compliant so you can keep driving with peace of mind and financial confidence.
Filing and managing business taxes in Canada involves a few structured steps to ensure compliance and efficiency. Whether you run a small business or a corporation, following these key stages helps you stay organized and avoid costly errors.
Register your business with the Canada Revenue Agency (CRA) to obtain a Business Number (BN) and set up your corporate tax account, GST/HST account, and payroll account if needed.
01Maintain accurate financial records of all income, expenses, invoices, and receipts throughout the year — this forms the basis for your tax return and deductions.
02Determine your taxable income after allowable deductions such as salaries, rent, utilities, and business expenses.
03File your T2 Corporate Income Tax Return (or T1 for sole proprietors) within six months of your fiscal year-end.
04Keep records for at least six years and be prepared for possible CRA reviews or audits to ensure ongoing compliance and transparency.
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