Calculation of the Tax to Be Remitted

To determine the GST and QST amounts to remit, add the following amounts for each tax:

  • 60% of the tax charged (collected or collectible) on taxable supplies of property and services (other than sales of capital property or immovables)
  • the tax charged on taxable sales (including sales deemed to have been made under the law) of capital property or immovables
  • the tax payable on property or services you appropriated to a member or relative of a member of the charity
  • the tax payable on property or services that you provided to an employee, where the property or services are a taxable benefit for income tax purposes
  • the tax collected on supplies you made as the agent of a person with whom it is agreed that you will account for the tax
  • a tax adjustment you made further to the recovery of a bad debt related to the taxable sale of capital property or an immovable
  • a tax adjustment you made further to the acquisition of immovables or capital property for which you had previously claimed input tax credits (ITCs) or input tax refunds (ITRs)
  • any amount carried forward from a reporting period for which you were not required to file a return and that must be included in the calculation of your net tax. This is the case if you have obtained authorization not to file returns for periods in which you have $1,000 or less in tax to report

For an example of the calculation, click Calculation of Net Tax.

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