Self-Employed Individuals & GST/HST Registraants

How to Prepare for a Tax Meeting Self Employed (GST/HST Registrants)

The following is a brief outline on how to prepare for your tax appointment or submission to our office to enable our professional staff to accurately prepare your GST/HST returns.

Please provide us with the amount of GST/HST installments you remitted during the year.


Self-Employment Income

In order to complete the forms, the following steps should be taken for Ontario residents:


GST/HST Input Tax Credits

Please note that we can extract the GST/HST from your expenses; however, it would be more accurate if you calculate your total GST/HST paid on a receipt by receipt basis.

Over the years we noticed that clients found it difficult to extract the GST/HST from their expenses; consequently, we developed a computer program which will do this automatically. Therefore, in most instances you only need to insert the expense figures including GST/HST.

Please note for this program to work accurately you must ensure that each expensed item either includes GST/HST or excludes GST/HST. For example, travel expenses could include travel within Canada which will include GST/HST, and foreign travel which excludes GST/HST. In this instance, the two separate travel numbers should be displayed on the questionnaire. If you have any other expenses incurred outside of Canada, please segment these items.

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