Working for yourself
Income, receipts, GST/HST and the everyday decisions that come with working for yourself in Canada.
Working for yourself
34 articles · 3 / 6
Working for yourself 2 min
One bill, two uses
Document commercial use, then apply the rule for that type of purchase. The income-tax percentage is not always the ITC percentage.
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Working for yourself 2 min
Before you clear out the tax folder
The six-year rule has a starting point and exceptions. A compact retention checklist for sole proprietors, including electronic records.
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Working for yourself 3 min
The next order may need two tax numbers
Track the small-supplier threshold, check exceptions and confirm both GST and QST registration before changing your invoices.
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Working for yourself 2 min
Check the registration for the transaction date
Use the official registry with the supplier's name, first nine digits and transaction date, then retain the result with the invoice.
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Working for yourself 2 min
The rolls of fabric still on my shelf
Camille counts the fabric and finished goods still waiting for buyers, then sees why a purchase is not always this year's cost of sales.
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Working for yourself 3 min
Mireille's invoice needs two tax lines
Calculate both taxes on the same selling price, check the invoice details and give your customer a record they can use.
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