In this column | Enter or select the following information |
---|---|
Tax | Type the name of the tax. |
Tax ID Include on Forms | Type a tax ID, such as your Canada Revenue Agency (CRA) Account Number, that you are required to include on invoices and other forms that use this tax. |
Exempt from this tax? | Click to change to Yes or No if your company does or does not pay this tax on purchases. |
Is this Tax taxable? | Click to change to Yes or No if this tax is or is not subject to other taxes. For example if an additional tax is charged on GST/HST, in the GST/HST Is this tax taxable? column click to select Yes and then in the Charge on column, click to select the additional tax or taxes being charged on GST/HST. |
Acct. to track tax paid on purchases | If your company is not exempt from this tax, click to select the account to track tax paid on purchases. |
Acct. to track tax paid on sales | If your company is not exempt from this tax, click to select the account to track tax paid on sales. |
Report on taxes | Click to change to Yes or No to include or exclude this tax in the Tax report. |
Add or remove tax information on Sage 50 Forms you've created or modified