More than 15 Available GST/HST & QST Features
Advataxes is a unique expense report software as it automates a wide range of GST/HST & QST parameters to match the specifications of your organization: The GST/HST/QST automation is done at the general level as well as at the transactional level. Here are more than fifteen GST/HST and QST features:
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Account Set to Recover the GST/HST
Your organization can claim GST/HST as input tax credit when expenses are engaged in the course of commercial activities or can claim GST/HST rebate as provided to public service bodies.
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Account Set to Recover the QST
Your organization can claim QST as input tax refund when it is engaged in the course of commercial activities or can claim QST rebate as provided to public service bodies.
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Account Set to recover a specific GST/HST Recovery Rate
The 100% general recovery rate can be set for expenses incurred exclusively in the course of commercial activities, or a different rate can be set for organizations having a blend of taxable and exempt sales. For public service bodies claiming GST/HST rebates, rates are available for college and universities at 67%, hospital authorities at 83%, charities at 50%, etc...
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Account Set to recover a specific QST Recovery Rate
The 100% general recovery rate can be set for expenses incurred exclusively in the course of commercial activities, or a different rate can be set for organizations having a blend of taxable and exempt supplies. For public service bodies claiming GST/HST rebates, rates are available for college and universities at 47%, hospital authorities at 51.5%, charities at 50% etc...
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Set Different GST/HST Recovery Rate at the Provincial Level
Your non-profit organization claims the HST public service bodies rebate at different provincial rates within the 5 participating provinces which are ON, NB, NS, PEI & NFL (see CRA forms GST66 “Application for GST/HST Public Service Bodies Rebate and GST Self-Government Refund”, RC7066 “SCH Provincial Schedule – GST/HST Public Service Bodies”, Revenu Quebec form FP-2066 “GST/HST & QST Public Service Bodies Rebate Application”, FP-66.A "Provincial Schedule - GST/HST Public Service bodies’ Rebate") either due to specific provincial HST recoverable rates or for the lack of a permanent establishment in some participating provinces, so customized provincial recovery rates should be set (see our blog).
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Store the GST/HST/QST Paid and Claimable
Both the GST/HST QST that is paid on invoices/allowances and the GST/HST/QST that is claimable is stored. The GST/HST/QST paid is necessary for financial institutions using the special attribution method as well as some public service bodies, for sales tax compliance purposes. So why would you use data mining software to guess what the tax paid is? Advataxes stores the GST/HST/QST paid on invoices and allowances in the first place.
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Display both the Federal and the Provincial Component of the HST for Each Participating Province
Public service bodies have to claim the rebate for the GST, for the federal portion of the HST (5%), for the provincial component of the HST (8% or 10%) in each participating province, separately. This information is available at the expense level (see forms GST66, RC7066, FP-2066 and FP-66.A).
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Set to automate tax holidays
Advataxes automates the 2-month GST/HST holiday on meals. No configuration on your part is required.
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No need to identify non tax recoverable amounts
Advataxes is not asking employees to identify amounts on an invoice that are subject to tax but that are not recoverable, or amounts that are not subject to tax.
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Specific GST-HST-QST Recovery Rate for Each Category
Some categories may have different recovery rates: Meals at a 50% rate, insurance premium at 0%, etc...
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Calculate GST/HST/QST on Meals but not on Tips
Automate the exact tax amount recoverable on meals as optional tips are not subject to tax and are treated separately (see our video)
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GST/HST/QST Calculation on Allowances
The deemed tax on KM allowances, meals allowances, clothing allowances, etc.. is automated for each province and territory.
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Tax Included/Tax Extra Calculation
At the expense level, calculation can be based either on a tax included basis or on a before tax basis.
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KM Ceiling Implemented at the Provincial and Territorial Level
Maximum annual KM allowed as published by the Canada Revenue Agency and Revenu Quebec are linked to the recoverable GST/HST/QST. For 2024 the rate is 70 cents in a province and 74 cents in a territory (see our page).
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KM/Mileage Warning when Threshold Exceeded
Emails are sent for each employee exceeding 5,000 KM in a calendar year for income tax and sales tax rules (see our page).
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KM log for dual use vehicle
A kilometer log is available both on the App and the website so employees can input their kilometers that they incur in the course of their employment as well as the odometer reading in order to calculate the percentage of a vehicle that is used for business purposes, for income tax and sales tax purposes.
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GST/HST/QST Editable Features
Easy editable functionalities to change precalculated tax, as the case may be.
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Blended Sales Tax Recovery within a Single Expense Report
An expense report may for instance contain expenses in participating and non participating provinces, KM allowances, meals expenses recoverable at the lower rate of 50% and expenses in foreign currencies. All the different specific tax rules for each different expense will be applied.
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Digital Image for Each Expense
A digital image is linked to each expense in support of the GST/HST/QST that is claimed (see our page).
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Centralized management of major GST/HST/QST rules
The changes of GSTHST/QST rates as well as major rules is done by us and communicated to you.
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The Exact Method
Advataxes is set for the exact method and not for the factors method (see the reason why on our web page and our blog). The above functionalities render the management of the exact method an easy task.