This version of the form is not currently in use and is provided for reference only. Download this version of
Form GST494
for the current year.
Form GST494 Goods and Services Tax/Harmonized Sales Tax (GST/HST) Final Return for Selected Listed Financial Institutions in Canada is used by certain financial institutions to report their final GST/HST return before ceasing to be a selected listed financial institution. It helps the Canada Revenue Agency (CRA) track and manage the taxation of these institutions accurately.
The Form GST494 Goods and Services Tax/Harmonized Sales Tax (GST/HST) Final Return for Selected Listed Financial Institutions in Canada is filed by designated listed financial institutions.
Q: What is Form GST494?
A: Form GST494 is the Goods and Services Tax/Harmonized Sales Tax (GST/HST) Final Return for Selected Listed Financial Institutions in Canada.
Q: Who needs to file Form GST494?
A: Selected Listed Financial Institutions in Canada need to file Form GST494.
Q: What is the purpose of Form GST494?
A: The purpose of Form GST494 is to report and reconcile the GST/HST collected, GST/HST paid or payable, and any adjustments or changes.
Q: When is Form GST494 due?
A: Form GST494 is generally due on the last day of the month following the end of the final reporting period.
Q: Are there any penalties for not filing Form GST494?
A: Yes, there can be penalties for not filing Form GST494 or for filing it late. It is important to meet the filing deadline to avoid penalties.
Q: What supporting documents do I need to include with Form GST494?
A: You may need to include supporting documents such as financial statements, account records, and other relevant documents to support the information reported on Form GST494.
Q: How long should I keep a copy of Form GST494?
A: You should keep a copy of Form GST494 and any supporting documents for at least six years from the end of the year to which they relate.