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However, if a corporation has a non-calendar tax year for income tax purposes, it can elect to use a calendar year for its GST/HST fiscal year.

If you are a person described above that uses a non-calendar tax year approved by the Canada Revenue Agency (CRA), you may want to use that same year as your GST/HST fiscal year.Ī corporation generally uses the same fiscal year for both income tax purposes and GST/HST purposes. However, some persons use non-calendar tax years. partnerships, where at least one member of the partnership is an individual, a professional corporation or another affected partnership.professional corporations that are members of a partnership (such as a corporation that is the professional practice of an accountant, a lawyer, or a doctor).Generally, the tax year of the following persons is a calendar year: Usually, your fiscal year for GST/HST purposes is the same as your tax year for income tax purposes.