Canada
Finovra for Canadian businesses
Canadian entities in Finovra keep their books in Canadian dollars. That part is built. Proposed subscription pricing is in US dollars, which is separate from the currency your books are kept in. GST/HST and provincial tax workflows are planned and will be reviewed by Canadian tax professionals before release.
What works for a Canadian entity today
| Area | In Finovra | Status |
|---|---|---|
| Functional currency | CAD books and reports, amounts stored as exact cents | Core engine built |
| Cross-border groups | A Canadian entity in CAD and a US entity in USD in one workspace, each with its own books | Core engine built |
| Consolidation | Combining CAD and USD entities with currency translation | Planned |
| GST/HST | Tax on invoices, input tax credits on bills, registration number on invoices | Planned |
| PST, RST and QST | Provincial sales tax alongside GST | Planned |
| Language | English only. French is not available yet | Planned |
GST, HST and provincial sales tax by province
Federal rates as published by the Canada Revenue Agency for supplies made on or after 1 April 2025, when Nova Scotia's HST fell to 14%. Separate provincial taxes are set and administered by the provinces, so their rates are not shown here.
| Province or territory | GST or HST (CRA) | Separate provincial sales tax |
|---|---|---|
| Alberta | GST 5% | None |
| British Columbia | GST 5% | PST, administered by the province |
| Manitoba | GST 5% | RST, administered by the province |
| New Brunswick | HST 15% | Included in HST |
| Newfoundland and Labrador | HST 15% | Included in HST |
| Nova Scotia | HST 14% | Included in HST |
| Ontario | HST 13% | Included in HST |
| Prince Edward Island | HST 15% | Included in HST |
| Quebec | GST 5% | QST, administered by Revenu Québec |
| Saskatchewan | GST 5% | PST, administered by the province |
| Northwest Territories, Nunavut, Yukon | GST 5% | None |
Canadian accounting context we design for
General background, not tax or legal advice. Confirm your obligations with a Canadian accountant.
The small supplier rule
Under the CRA's rules, a business generally must register for GST/HST once its worldwide taxable supplies exceed $30,000 in a single calendar quarter or over four consecutive calendar quarters. Registrants can claim input tax credits for GST/HST paid on business purchases.
CRA My Business Account
The CRA's online portal for businesses, used to file and pay GST/HST returns, view account balances and manage program accounts.
Corporate year-end
A corporation files its T2 income tax return within six months of the end of its tax year, so year-end books need to be closed and reviewed well before then.
ASPE and IFRS
Canadian private enterprises commonly report under Accounting Standards for Private Enterprises (ASPE), Part II of the CPA Canada Handbook; publicly accountable enterprises use IFRS Accounting Standards (Part I).
Quebec
In Quebec, Revenu Québec administers the QST and also administers the GST for most businesses in the province.
Official sources
Checked on 27 October 2026. Rates and thresholds change, so read the current version before acting.
- CRA: GST/HST rates by province(opens official site)
Current GST and HST rates and the rate history.
- CRA RC4022: General Information for GST/HST Registrants(opens official site)
Registration, the small supplier threshold and input tax credits.
- CRA: My Business Account(opens official site)
The CRA's online services for businesses.
- CRA: When to file your T2 return(opens official site)
Filing within six months of the end of the tax year.
- FRAS Canada: ASPE(opens official site)
Accounting Standards for Private Enterprises in the CPA Canada Handbook.
- Revenu Québec: GST/HST and QST(opens official site)
Consumption taxes for businesses in Quebec.
Talk to us about your Canadian entities
We'll show CAD books on sample data and the GST/HST work on our roadmap.
Last reviewed against the product on .