GL Codes
What is the GL code for GST/HST collected?
23035
What is the name of the federal tax in Canada?
Goods and Services Tax/Harmonized Sales Tax (GST/HST)
What is the tax rate for Ontario?
13%
What is the place of supply rules for rideshare?
Where the ride originates
Unlike other small businesses, Canadian rideshare drivers must register for a GST/HST account starting from this specific dollar amount of earnings.
$0
What is the GL code for QST collected?
23055
What is the name of the sales tax in Quebec?
Quebec sales tax (QST)
What is the tax rate for Alberta?
5%
What is the place of supply rule for Tangible property (i.e. goods)?
Where the goods are delivered
Drivers can claim these credits on their GST/HST returns to recover sales tax paid on business expenses, such as vehicle maintenance, phone bills, and Lyft platform fees.
Input Tax Credits (ITCs)
What is the GL code for QST paid on expenses?
13813
Which provinces have provincial sales taxes in Canada?
British Columbia, Manitoba and Saskatchewan
What is the total tax rate for British Columbia?
GST/HST 5%
PST 7%
Total 12%
What is the place of supply rules for services?
The recipients address in Canada
Who is responsible for remitting GST/HST that relates to the rideshare?
Drivers
What is the GL code for GST paid on driver bonus?
13816
What is the name of the federal tax rate that is 5%?
Goods & services tax (GST)
What is the total tax rate for Quebec?
GST/HST 5%
QST 9.975%
Total 14.975%
What is the place of supply rule for Intangible property (i.e. software)
Where the rights of use are primarily located
What is the name of the amount paid to drivers when the up front ride fare is higher than final ride fare?
Driver Bonus
What is the GL code for VAT taxes from other countries?
13812
What is the name of federal tax that is not 5%?
Harmonized sales tax (HST)
What is the tax rate for tax paid on importation in Canada?
5%
What are the place of supply rules for real property?
The province where the property is situated?
What is the name of the amount paid to drivers when the up front ride fare is lower than final ride fare?
Lyft Fee