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New Member
posted Oct 30, 2019 1:39:29 AM

Is my GST remittance considered a business expense? I do NOT use the quick method.

I read in a response elsewhere that for those using the quick method, GST remittance was an expense. No detail was provided for non-quick-method users.

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1 Best answer
New Member
Oct 30, 2019 1:39:31 AM

You do not include the GST collected on your sales or the GST paid on your expenses in your tax return.  They are reported separately on your GST return.

So any amounts reported on your tax return exclude the GST.

1 Replies
New Member
Oct 30, 2019 1:39:31 AM

You do not include the GST collected on your sales or the GST paid on your expenses in your tax return.  They are reported separately on your GST return.

So any amounts reported on your tax return exclude the GST.