Form GST114 Bond for Non-resident Person Without a Permanent Business Establishment in Canada - Canada

The Form GST114 Bond for Non-resident Person Without a Permanent Business Establishment in Canada is used for non-resident individuals or businesses who do not have a permanent establishment in Canada but are required to post a bond for certain tax obligations.

The non-resident person without a permanent business establishment in Canada files the Form GST114 Bond.

FAQ

Q: What is the Form GST114?
A: The Form GST114 is a bond for non-resident persons without a permanent business establishment in Canada.

Q: Who needs to use Form GST114?
A: Non-resident persons without a permanent business establishment in Canada need to use Form GST114.

Q: What is the purpose of the bond?
A: The bond is used to guarantee any unpaid goods and services tax/harmonized sales tax (GST/HST) obligations of the non-resident person.

Q: What information is required to complete Form GST114?
A: You will need to provide your name, address, and contact information, as well as details about your business activities and estimated GST/HST liability.

Q: What happens if I don't submit Form GST114?
A: If you are required to submit Form GST114 and fail to do so, you may be subject to penalties and interest charges.

Q: Are there any fees associated with the bond?
A: Yes, there may be fees associated with the bond. You should contact the CRA for more information.

Q: How long is the bond valid?
A: The bond is valid for a period of two years, after which it may need to be renewed.

Q: Can the bond be cancelled or discharged?
A: Yes, the bond can be cancelled or discharged if you are no longer liable for GST/HST obligations in Canada. You should contact the CRA for instructions on how to cancel or discharge the bond.