One Business Number, two entities

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taxquestions
Posts: 27
Joined: Tue Dec 18, 2018 6:31 pm

One Business Number, two entities

Post by taxquestions » Sun Mar 15, 2020 4:38 pm

Severed CDN residency 1/20/2020 and moved to USA. I had (1) Business Number and operated the CDN sole prop from 01/01/2020 – 01/20/2020. I then operated the same Business Number as a US sole prop from 1/21/2020 until March, 2020. I ceased operating this US sole prop and BN in March, 2020.

My CDN Sole prop T2125 will be for 01/01/2020 – 01/20/2020. My GST return for this BN will be for 01/01/2020 - March 2020 as I collected under a CDN then a US sole prop during this period. My T2125 sales and tax collected will be smaller than the GST return. Will the different values between my T2125 and GST return cause problems? Is this the correct method to file only one GST return for this BN? Or must I file one for the time I was a CDN sole prop, and as a US sole prop? Does the US sole prop file a T2125?

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