Canadian – Sales Tax Invoice Requirements Make sure you are Complying

sales invoices for GST/HST registrants

You have to give customers who are GST/HST registrants specific information on the invoices, receipts, contracts, or other business papers that you use when you provide taxable goods and services. This information lets them support their claims for input tax credit (ITCs) or rebates for the GST/HST you charged. Similarly, when you make business purchases, the invoices from your suppliers will substantiate your claims for ITCs or rebates.

When there is no invoice available, see Exception to invoice requirements to verify what type of information you need to claim an ITC. If your customers ask you for an invoice or receipt to claim an ITC, depending on the amount of the sale, you are required by law to give them the following information:

Information required

Total sale under $30

Total sale $30 to $149.99

Total sale $150 or more

Your business or trading name, or yourintermediary’s name (person with whom you have an agreement to help you supply your goods or services)

X

X

X

Invoice date or, if you do not issue an invoice, the date the GST/HST is paid or payable

X

X

X

Total amount paid or payable

X

X

X

An indication of the total amount of GST/HST charged or that the amount paid or payable for each taxable supply (other than zero-rated supplies) includes GST/HST at the applicable rate.

 

X

X

When you supply items taxable at the GST rate and the HST rate, an indication of which items are taxed at the GST rate and which are taxed at the HST rate.

 

X

X

Your Business Number or your intermediarys Business Number (registrant with whom you have an agreement to help you supply your goods or services)

 

X

X

The buyer’s name or trading name or the name of their authorized agent or representative  

 

X

A brief description of the goods or services  

 

X

Terms of payment  

 

X

Dianne Mueller

Certified Professional Bookkeeper


Posted in bookkeeping, small business accounting, small business bc
One comment on “Canadian – Sales Tax Invoice Requirements Make sure you are Complying
  1. This is nicely done and well explained about invoice.