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New Member
posted Mar 3, 2024 2:37:10 PM

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

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Moderator
Mar 3, 2024 4:13:35 PM

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.