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New Member
posted Jun 20, 2021 12:44:05 PM

When entering vehicle expense such as fuel does the amount I enter include GST?

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1 Replies
Level 6
Jun 28, 2021 7:57:18 AM

Thank you for choosing TurboTax.

If you are registered for HST, you would leave it out of the income and expense, as it is reported elsewhere.  If you are not registered, and cannot claim it, you would include it in the expenses.

 

As per CRA, when you claim the GST/HST you paid or owe on your business expenses as an input tax credit, reduce the amounts of the business expenses by the amount of the input tax credit. Do this when the GST/HST for which you are claiming the input tax credit was paid or became payable, whichever is earlier. 

 

If you need any further clarifications, we would be glad to assist you by having you contact us by phone or via Facebook or  Twitter