Taxes for small business and Input Tax credits
Hi there,
I run an online business. I import stock from overseas and pay GST on some shipments that enter Canada. I sell products to all provinces and charge the appropriate taxes based on the province i am shipping to. The customer pays the taxes on the product final price and also pays taxes on the shipping. I then via online with Canada Post order a shipping label which i pay using a credit card. Canada Post sometimes charges me GST and sometimes charges me HST (for this i am not sure and i will be contacting them to find out why they are doing this).
Do these qualify as Input Tax Credits?
- Paying import taxes on goods i sell online
- Paying taxes to Canada Post for online shipping labels
- Paying taxes on office equipment and consumables (printer paper, ink, computer equipment) which i use for my business.
I run an online business. I import stock from overseas and pay GST on some shipments that enter Canada. I sell products to all provinces and charge the appropriate taxes based on the province i am shipping to. The customer pays the taxes on the product final price and also pays taxes on the shipping. I then via online with Canada Post order a shipping label which i pay using a credit card. Canada Post sometimes charges me GST and sometimes charges me HST (for this i am not sure and i will be contacting them to find out why they are doing this).
Do these qualify as Input Tax Credits?
- Paying import taxes on goods i sell online
- Paying taxes to Canada Post for online shipping labels
- Paying taxes on office equipment and consumables (printer paper, ink, computer equipment) which i use for my business.