Working for yourself
Income, receipts, GST/HST and the everyday decisions that come with working for yourself in Canada.
Working for yourself
34 articles · 4 / 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
Compare the Quick Method with your actual purchases
Eligibility, expense mix, excluded sales, capital purchases and election timing matter more than a headline remittance rate.
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Working for yourself 2 min
A US client is the start of the HST question
Identify the customer, the exact service and the applicable export provision before treating a foreign invoice as zero-rated.
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Working for yourself 2 min
Registering before the threshold is a business decision
Compare customer pricing and eligible purchase taxes with the ongoing filing duties before registering as a small supplier.
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Working for yourself 2 min
Zero-rated and exempt are different categories
Both can show no tax charged, but the input tax credit and registration consequences are different.
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Working for yourself 2 min
Incorporating changes more than the name on an invoice
Prepare a dated handoff of accounts, assets and obligations when an existing sole proprietorship becomes a corporation.
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