Do you include or exclude sales taxes (Gst/hst and/or pst) in the total amount claimed for business expenses?
If you are registered for GST/HST and claiming input tax credits on your GST/HST return, then don’t add sales tax to your expenses. If you are not registered, then include the sales taxes in your total expenses.
Do you include or exclude sales taxes (Gst/hst and/or pst) in the total amount claimed for business expenses?
Need more clarification:
Do I include GST on the T2125 for the total cost of the business expense or the subtotal without GST? My subcontracting business earns less than 30K/yr and I do not collect GST from customers.
Examples:
Vehicle Gas - $100.00 subtotal + GST = $113.00 total including GST. Do I enter $100.00 or $113.00?
Phone Data Expense - $50.00 subtotal + GST = $56.50 total including GST. Do I enter $50.00 or $56.50
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