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- Tax News
- GST and QST
- Charges for returnable containers
- Information to support claims for ITCs and ITRs
- Simplified method for calculating ITCs and ITRs
- Construction or substantial renovation of a residential ...
- Trucking services
- Telephone services
- Extra charge to compensate for the increase in fuel ...
- Interest rates in effect for the GST
- Reminder regarding the prohibition of zappers
- Authorization, power of attorney or revocation
- QPP contributions for 2007
- Information bulletin 2006-4
- Documents published by the CRA
Fourth quarter 2006
Information to support claims for ITCs and ITRs
Agents must fulfil a certain number of legal obligations with respect to the keeping of books, records and related supporting documents. For example, to claim input tax credits (ITCs) and input tax refunds (ITRs), agents must submit the information shown in the table below. However, Revenu Québec does not require a special invoice for GST and QST purposes.
If you are a GST and QST registrant, you must determine the amount of your ITCs and ITRs on the basis of the taxes applicable to the property or services you purchased. You must ask your suppliers to provide you with the information necessary to support your claims for ITCs and ITRs.
If you have customers that are registrants, they may ask you to provide them with such information to support their claims for ITCs and ITRs.
Information required on invoices to support claims for ITCs and ITRs
| Information required | Total amount of invoice less than $30 | Total amount of invoice between $30 and $149.99 | Total amount of invoice $150 or more |
| Name or business name of supplier1 | X | X | X |
| Date of invoice | X | X | X |
| Total amount of invoice | X | X | X |
| Amount of taxes2 | X QST only | X | X |
| Registration numbers of supplier (or intermediary) for GST and QST purposes | X | X | |
| Name or business name of purchaser | X | ||
| Terms of payment | X | ||
| Description of property or service | X QST only | X QST only | X |
1. May also be an intermediary.
2. Even if GST and QST are included in the price, the amount of each tax must be entered on the invoice. The invoice must also indicate that the GST and QST are included in the price.
