Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Find CRA error Netfile information >> HERE!
STS65
New Member

Taxes paid

I issued an invoice for consultant work completed for Dec 2024 on December 20, 2024.  I don't get paid until the following month so I received payment Jan 31, 2025 and then paid 30% for taxes to CRA.  Can I claim that tax payment as it was related to 2024 income?  The same would go for the associated HST that I had to pay at the time.

1 Reply

Taxes paid

You will report that income for 2025 rather than 2024 since the payment was received in that year.

 

Thank you for choosing TurboTax.

Unlock tailored help options in your account.