I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
I charge a flat fee (say $100 per day) for my service. I will need to register for GST. How do I keep track of GST on invoices? Do I "charge" 95% of my flat fee + GST?
If your fee is $100, then you would invoice your customer $100 plus 5% GST. To help you create invoices and keep track of your sales tax, you might want to consider using software such as QuickBooks. You can learn more about QuickBooks here: https://quickbooks.intuit.com/ca/
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.
Sign In
Canada (English)
EN
