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This excel is to be used by self-employed individuals who are not registered for sales taxes.
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One must register for GST (and QST in Quebec, both through RevQC) once their business revenue reaches 30K in any 4 quarter period (ie. Can go over 2 fiscal periods).
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ALL business related expenses should have the proper back-up documentation (i.e. detailed receipts).
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If you are unsure about whether some expenses are tax deductible, ask yourself if you incurred it in order to make business revenues. YES = deductible!
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Keep all backup for everything in this excel for 6 years (as well as the complete copy of what was filed with both governments and all Notices of (Re)Assessment).
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