2

I am self-employed and charge and receive HST. I file an HST return so any monies are returned to the government. Is the HST portion of my invoice to be included in my taxable income?

2

No. It is recorded in a contra account that washes itself out after each submission. Any monies "earned" in this account would be deemed income.

| improve this answer | |

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy