I am using TurboTax (TT) Home/Business product. My husband is an employee filing T1, etc and
I am self-employed providing vet services.
I am GST registered with CRA. I
filled up T2125 and under section 3B “professional income”, assume I filled
$100K for line 8 (gross professional fees including GST collected). Assume I filled $5K for line 9 (for GST
collected). By doing this under TT and
completing/netfiling using TT, can I assume that I no longer need to go
separately to CRA website to file a GST return (to return the $5K GST collected
back to CRA)? I am thinking that TT
product is so good that it will handle both
the tax I owe to CRA for my self-employment income as well as the return of the GST $ I collected
from my clients on behalf of CRA. Is
that correct?
