When and How to report the GST/HST you are considered to have collected
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When and how to report the GST/HST you are considered to have collected
You are considered to have collected the GST/HST, on a taxable benefit subject to the GST/HST, at the end of February in the year after the year you provided the benefit to the employee. This corresponds with the deadline for issuing T4 slips.
Include the amount of the GST/HST due in your GST/HST return for the reporting period that includes the last day of February 2017.
Example
You are a GST/HST registrant and have a monthly reporting period. Although you calculated the taxable benefits, including any GST/HST and PST, for each applicable pay period provided to your employees during 2016, you are considered to have collected the GST/HST on the taxable benefits at the end of February 2017. In your February 2017 GST/HST return, you have to include the GST/HST relating to the taxable benefits provided to your employees in the prior calendar year on line 104 of your GST/HTS return.
Note
If the GST/HST is for a reimbursement made by an employee or an employee’s relative for a taxable benefit other than a standby charge or the operating expense of an automobile, the amount may be due in a different reporting period. For more information, see Benefits other than automobile operating expense benefits on this page.
- Date modified:
- 2016-12-08