tax invoice

This is my tax invoice and was wondering if I can claim back the GST/HST  and QST that is in US dollars.
I am on eBay Canada.  
 
Taxes
Total taxable amount at 14.975%      US $346.61
                                   QST at 9.975 %   US $34.62
                                   GST/HST at 5 %   US $16.97
           Total current invoice in USD    US $398.20
 
Message 1 of 2
latest reply
1 REPLY 1

tax invoice

Yes of course you can!

 

You need to convert to Canadian Dollars, just the same as you have to convert your US Dollars sales to Canadian Dollars.

 

You should use the Average Rate for the period that you can find at the Bank Of Canada Website. If you are an annual filer it's easy because BoC provides an annual average. If your reporting quarterly you might have to take the Monthly numbers and average those.

 

https://www.bankofcanada.ca/rates/exchange/monthly-exchange-rates/

 

https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/

 



"What else could I do? I had no trade so I became a peddler" - Lazarus Greenberg 1915
- answering Trolls is voluntary, my policy is not to participate.
Message 2 of 2
latest reply