Sales tax returns

Accounting keeps track of the taxes charged on sales, and recorded on expenses. You must report this information at the end of a month, quarter, or year, depending on your reporting period. You pay the government if the tax charged on sales is more than the tax you've paid, or receive a refund when the amount you paid is greater than the taxes you collect from sales.

If your company is GST/HST registered, you must charge and collect these taxes from your customers. Also, if registered with provincial tax authorities, you must charge and collect those taxes. If you haven't provided your tax registration number and indicated a remittance frequency, you can do that in the sales tax settings. Sales tax returns can also be exported in CSV or PDF format.

To produce the PST/QST return

  1. Go to Reporting, Tax Returns. Each province where you collect provincial sales tax has their own respective tab.
  2. Click the province tab.
  3. Click Create a PST/QST Return.
  4. If necessary, adjust the From and To dates for the return.
  5. Click Calculate.
    6. Note:

    Click Save as draft if you're not ready to remit the taxes. At a later time, you can click Edit Draft and complete the sales tax return.

  6. Click Next to complete the tax return. You can copy and past the sales tax values to the provincial tax authority on their respective web site.

To produce the GST/HST return

  1. Go to Reporting, Tax Returns. The CRA tab corresponds to the GST/HST.
  2. Click Create a GST/HST Return.
  3. If necessary, adjust the From and To dates for the return.
  4. Click Calculate.
    5. Note:

    Click Save as draft if you're not ready to remit the taxes. At a later time, you can click Edit Draft and complete the sales tax return.

  5. Click Next and then download the .TAX file that you can upload on the CRA site.