Below is a detailed explanation on how Canadian Taxes
are handled in
This page applies to users in Québec or on Prince Edward Island only. If you are in another province, click here for different examples, as taxes are calculated differently there. We have used an example of a company from Québec, selling a couple of products to three clients, one from the same province, one from an HST-participating province and one from another province.
1.) Settings on setup page 1:
When you enter new clients, check the tax that is applicable to each client.
The three examples show how tax is set for clients from HST participating and
non-participating provinces. These are set automatically once you enter the
client's home province and should be checked for accuracy.
3) Products (Stock) and Services
Having entered the tax parameters for your clients and products/services, the taxes are now applied automatically. Note the different tax values for three invoices of identical items to our three clients in different provinces.
You can easily check and edit taxes for this invoice. Click on the Tax Edit button on the left button bar The Tax edit form appears. Below it is shown after each of the three invoices:
And this is how it looks on the printed invoice. Columns shown can be removed, resized, repositioned or renamed on Setup page 3
Calculation of Tax:
You can print a report on all Taxes received or paid by selected date range, so you know how much tax to pay to the authorities. Click on Cashbook menu, Reports button at left then select 'Tax Reports'. Chose from detailed or summary report, set a date range and click the Print button at top. An additional report opens to show HST collected by participating Province.
To return to the FAQ page, click here
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The Scrambled Card Company Ltd
Auckland, New Zealand