My husband and I own a cottage and rent it for short term rentals. We collect HST. Do we include the HST collected as part of the "Gross Rents"? Thank you
We are registered to collect GST and have formed a partnership which owns the cottage.
01696
1 Best answer
TurboTaxTerry
New Member
Oct 30, 2019 3:26:59 AM
If you have remitted the HST to Canada Revenue then you should exclude it from your income and exclude the HST input tax credits from your expenses.
1 Replies
TurboTaxTerry
New Member
Oct 30, 2019 3:26:59 AM
If you have remitted the HST to Canada Revenue then you should exclude it from your income and exclude the HST input tax credits from your expenses.