Self-employed: Is the HST portion of my invoice to be included in my taxable income?
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?
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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.
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