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: 
sapayne88
New Member

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.

1 Best answer

Accepted Solutions

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

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.

View solution in original post

1 Reply

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

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.