Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 21, 2022 12:47:03 AM

We are amazon sellers. Amazon has collected the sales tax i.e. $4532 on our behalf and will probably remit to CRA itself. Should we account this amount in our books?

0 1 251
1 Replies
Level 6
Apr 21, 2022 3:06:37 PM

Yes, sales taxes collected by amazon should still be recorded as sales tax liability that will clear out after amazon remits the tax.

 

For more information, please click:

TurboTax  Can I Get a Tax Credit for the Sales Tax I Paid?

Amazon   Canadian sales taxes on Amazon.ca Seller Fees

 

 

Thank you for choosing TurboTax.