topic Does the software itself deduct HST from expenses or I have to manually deduct it before entering the amount for self-employed taxes? in Troubleshooting

Does the software itself deduct HST from expenses or I have to manually deduct it before entering the amount for self-employed taxes?

msinghnbf — Tue, 04 Mar 2025 12:49:08 GMT

Re: Does the software itself deduct HST from expenses or I have to manually deduct it before entering the amount for self-employed taxes?

Delphision — Thu, 06 Mar 2025 00:33:28 GMT

If you are registered for GST and regularly file GST returns, you will leave all GST off of the entries on your personal return. If you are not registered, you will include the GST in your revenue and all expenses, but not list it separately. You can view this info to see if you need to register and remit GST, if you are not doing so already.

https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/when-register-charge.html

Re: Does the software itself deduct HST from expenses or I have to manually deduct it before entering the amount for self-employed taxes?

msinghnbf — Sun, 09 Mar 2025 03:36:48 GMT

Thank you for the clarification:)

Re: Does the software itself deduct HST from expenses or I have to manually deduct it before ente...

TurboTaxAniqua — Sun, 09 Mar 2025 14:10:31 GMT

@msinghnbf You're welcome!