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wescotear
New Member

When I declare my self-employed expenses do I include the GST in the amounts?

Should I delcare my expenses including GST or without GST and then claim these taxes when I do my GST declaration?

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Accepted Solutions

When I declare my self-employed expenses do I include the GST in the amounts?

GST paid on expenses on account of business income should be claimed as an Input Tax Credit against GST collected from your customers. So that you remit only the net amount to CRA.  

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4 Replies

When I declare my self-employed expenses do I include the GST in the amounts?

Are you a GST registrant and if so how do you report GST collected and claim input tax credits.
wescotear
New Member

When I declare my self-employed expenses do I include the GST in the amounts?

I’m a GST registrant and report it through "my business" page on the CRA website (first year in 2015). I never claimed tax credits so far... That’s what I want to learn how to do.

When I declare my self-employed expenses do I include the GST in the amounts?

GST paid on expenses on account of business income should be claimed as an Input Tax Credit against GST collected from your customers. So that you remit only the net amount to CRA.  

When I declare my self-employed expenses do I include the GST in the amounts?