Tax rules • Canada
Tax rules for Canada
Each rule here is the one Bilbx runs, with the figure the app uses and the CRA's own words under every sentence.
The tax year
January 1 to December 31
The self-employed year-end in Canada: generally December 31
Self-employed individuals generally have to use a December 31 year-end, and Bilbx's Tax Lab totals your receipts by calendar year.
Read the ruleHow often you file GST or VAT
A year ending December
GST/HST reporting periods: annual, quarterly or monthly
How often you file GST/HST returns, as the CRA sets it out, and the period Bilbx's Tax Lab shows: a year ending December.
Read the ruleThe line each expense goes on
Statement of Business or Professional Activities (T2125)
Statement of Business or Professional Activities: the line each expense goes on
The expense lines of the Statement of Business or Professional Activities, as the CRA sets them out, and the one Bilbx's Tax Lab adds each category's receipts up on.
Read the ruleRecords of business use
Vehicle logbook, for its own year
Business use: the logbook and the workspace
The records the CRA accepts for the business share of a vehicle and a home, and the years Bilbx's Tax Lab applies each for.
Read the ruleWhat a receipt needs for a tax credit
$100
Input tax credits: what a receipt must show from $100
What a receipt must show from a total sale of $100 to support an input tax credit, as the CRA sets it out, and how Bilbx marks your receipts against it.
Read the ruleCheck a receipt
Enter a receipt to see what Bilbx does with it under Canada's rules. It is worked out in your browser by the same code the app runs, and nothing you enter is sent or stored.
Enter a date and a total to see the answers.
For the records behind these rules, see the guides for Canada. How we research and review.