jinny54
New Member

Do self employed total purchases during the year include hst?

is it the net amount of purchases of the year for self employed or amount including hst
‎March 3, 2024 2:37 PM
0
1 Reply
363 Views
Reply
TurboTaxSusan
Moderator
Moderator

Troubleshooting

If you are not registered to collect GST/HST, then you would include sales tax on your expenses.

 

If you are registered to collect GST/HST, reduce the amounts of the business expenses you show on form T2125 by the amount of the input tax credit.

‎March 3, 2024 4:13 PM
0
341 Views
Reply