FPZ-34.CD - Detailed
GST/HST Calculation
General information
Notice
This form does not constitute a legal interpretation of the Excise Tax Act or its regulations.
Interest
The interest is charged at the rate set by regulation on all outstanding amounts.
Obligation to keep documents
Anyone who carries on a business, or who is required to withhold or collect an amount under a fiscal law, is required to keep registers and books of account. The registers and books of account, along with any supporting documents, must be kept for six years after the end of the reporting period in which the information contained in them is reported. Failure to meet these obligations is an offence rendering the offender liable to legal action.
Signature
Returns must be signed by the registrant or by the registrant's authorized representative.
Confidentiality
Personal information provided in this form is protected under the Privacy Act (R.S.C., 1985, c. P-21) and is maintained in Personal Information Bank RCC/P-PU-080.
For further information, particulary on simplified accounting methods, refer to the brochure entitled General Information Concerning the QST and the GST/ HST (IN-203-V), or contact Revenu Québec.
Explanatory notes
Box 101 – Enter the value (GST/HST and QST excluded) of the goods and services you supplied. (Do not include goods and services you exported.) As a rule, this amount corresponds to the sales figure entered in your books of account.
Box 103 – Enter the GST/HST that you collected, that is payable to you, or that you are considered to have collected for the reporting period. Do not take into account the GST/HST applicable to your acquisitions of real property or your imported taxable supplies, which you are required to report separately (boxes 114 and 115 respectively).
Box 104 – Enter the amounts that may be added to the GST/HST collectible, for the purposes of the calculation of your net tax for the reporting period. Examples of such amounts include GST/HST derived from the recovery of a debt that has been written off, the difference between a full ITC claimed with respect to meals and entertainment expenses and the 50% allowed, and the self-assessment of tax on a residential complex.
Box 106 – Enter the input tax credits (ITCs) claimed for the reporting period and any ITCs not claimed during a previous reporting period in respect of goods and services acquired to make taxable and zero-rated supplies. Do not include notional ITCs respecting used goods acquired (except in the case of used returnable containers). You generally have four years in which to claim an ITC.
Box 107 – Enter the amounts that may be added to the ITCs claimed in box 106. Examples of such amounts are GST/HST included in a debt that has been written off or, if you are a builder, GST credited as a GST rebate to the purchaser of new housing (where the purchaser is an individual). In the latter case, the purchaser's rebate application must be enclosed with your return. Please note that the GST/HST giving entitlement to an ITC respecting acquisitions of real property, which you reported separately in box 114, may be included in the amount entered in box 107. If you credited a GST/HST amount to a non-resident respecting the supply of installation services in Canada, you may also include that amount in box 107. In this case, the rebate application of the non-resident must be enclosed with your return. If you completed form FP-2074-V, Election or Revocation of Election Respecting the Quick Method of Accounting, and have obtained a written confirmation of your election, you may claim the 1% credit applied to the first $30,000 (including GST/HST) of your taxable supplies.
Box 110 – If you file annually and you paid GST/HST in instalments, enter your instalments in this box.
Box 111 – You can offset the amount of net GST/HST payable using certain GST/HST rebates to which you are entitled. The various rebate application forms, such as the GST/HST Rebate Application for Public Service Bodies (form FPZ- 66-V) and the General GST/HST Rebate Application (form FP-189-V), contain a section where you can elect to carry the amount of the rebate directly to line 111 of the GST/HST return. Doing so will reduce the amount of net GST/ HST payable. Rebate applications must either be filed with the paper copy of your GST/HST return if you file your return by mail, or filed separately by mail if you are required to file your return electronically.
Box 114 – Determine the taxable value of the real property you acquired for use or supply primarily in the course of your commercial activities. Calculate the GST or HST you are required to report and pay. Enter the result in box 114.
Box 115 – Determine the taxable value of supplies of services or intangible personal property you imported or of certain goods subject to the drop-shipment rules. Calculate the GST or HST you are required to report and pay. Enter the result in box 115.