Am I subject to GST/HST?
Whether you rent your boat occasionally or operate professionally, understanding your GST/HST obligations is essential. Below is a clear overview for individuals and professionals using boatUnity in Canada.
As an Individual
If your total income from renting your boat or co-sailing is less than $30,000, you are not required to register for GST or QST.
If your income exceeds $30,000, you must register and begin collecting GST/HST for the Canada Revenue Agency (CRA).
Learn more on CRA website.
As a Professional
If you work as a captain for a company engaged in commercial boat rentals, either you or your employer must collect sales tax from the first dollar of income earned.
For detailed tax implications, please consult the CRA's summary sheet:
CRA tax guidance 2023.