Accounting software for Canadian businesses

How does Hengo handle GST and HST for Canadian businesses?

Hengo automatically calculates GST (5%) and HST (13% in Ontario, 14% in Prince Edward Island, 15% in New Brunswick, Newfoundland and Labrador, and Nova Scotia) on every invoice and expense based on the province of supply. You enter your GST/HST registration number once in workspace settings, and Hengo tracks the total tax collected (output tax) and tax paid on expenses (input tax credits) for each filing period.

When it is time to file, Hengo generates a sales tax return that shows your net GST/HST payable or refundable, broken down by province. This return is ready to submit to the CRA through their online portal. Hengo supports monthly, quarterly, and annual filing frequencies, matching the CRA's requirements based on your revenue.

How does Hengo handle QST for Quebec businesses?

For businesses registered in Quebec, Hengo calculates QST (9.975%) on top of the GST (5%), giving a combined 14.975% sales tax on taxable supplies. QST is tracked separately from GST so you can file two returns: one GST/HST return with the CRA and one QST return with Revenu Québec.

Hengo displays bilingual tax labels (GST/TPS and QST/TVQ) on invoices and reports when your workspace is set to Quebec. This ensures your client-facing documents meet Quebec's French-language requirements. You can also generate reports in French for your accountant or for Revenu Québec submissions.

Can Hengo handle a business operating in both Canada and Costa Rica?

Yes. Hengo is specifically designed for cross-border businesses. You can create separate workspaces for your Canadian and Costa Rican operations, each with its own currency, tax registration, and chart of accounts. The Canadian workspace handles GST/HST/QST in CAD, while the Costa Rican workspace handles IVA (13%) in colones (CRC) and USD.

For consolidated reporting, Hengo converts all transactions to a single reporting currency and produces combined financial statements. This is particularly useful for businesses that invoice clients in both countries, pay suppliers in multiple currencies, or have employees in both Canada and Costa Rica. See our cross-border accounting guide for a detailed walkthrough.

What Canadian tax forms and reports does Hengo generate?

Hengo generates the following tax-ready reports for Canadian businesses:

• GST/HST return — net tax calculation (Line 101 minus Line 105) by province
• QST return — separate Quebec sales tax return for Revenu Québec
• T2 corporation tax return preparation — income statement, balance sheet, and GIFI schedules
• T4/T4A slips — payroll summary for CRA submission
• Income statement and balance sheet — accrual or cash basis, CRA-ready
• Cash flow statement — indirect method, monthly and annual

All reports can be exported as PDF or Excel, and shared with your accountant through a secure link. Hengo also tracks audit-ready journal entries with immutable posting, so your books are always reviewable by a CRA auditor or external accountant.

How much does Hengo cost for a Canadian business?

Hengo pricing starts at $19/month for the Starter plan, which includes GST/HST/QST handling, multi-currency support, 500 transactions per month, invoicing, and bank reconciliation. The Growth plan at $59/month adds unlimited transactions, project tracking, and bill pay automation. The Professional plan at $119/month includes crypto accounting, engagement letters, and API access. See our pricing page for a full comparison.

Frequently asked questions