1. When implementing Odoo Canada Tax, what should I be aware of?
2. Canada tax basic knowledge
3. Canada tax report
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1. When implementing Odoo Canada Tax, what should I be aware of?
2. Canada tax basic knowledge
3. Canada tax report
Keep in mind when implementing Canada tax in Odoo
Canadian tax rates change. When importing Canadian localization, it is the [client's responsibility] to review the tax rates in odoo [up to date] with the [client's accountant]. Odoo provides software and standard packages but not accounting legal processes. Client is responsible to onboard inhouse or third party accountant during the implementation.
Sales tax
There is Federal tax and Province tax in Canada.
Federal tax can be GST alone or HST alone.
GST is a Canada-wide tax that can show up in two different ways, depending on the province in which your business is registered.
HST is Harmonized Sales Tax rate, which combines both the Provincial Sales Tax (PST) with the Federal Goods and Services Tax (GST)
Provincial tax is PST, RST or QST
Depends on the province, some provinces will collect both GST and PST
Tax combination between Federal and provincial tax based on Province as below:
Province/Territory | Province-specific tax | Goods and Services Tax (GST) | Harmonized Sales Tax (HST) |
British Columbia | 7% Provincial Sales Tax (PST) | 5% | - |
Alberta | - | 5% | - |
Saskatchewan | 6% Provincial Sales Tax (PST) | 5% | - |
Manitoba | 7% Retail Sales Tax (RST) | 5% | - |
Ontario | - | - | 13% |
Quebec | 9.975% Quebec Sales Tax (QST) | 5% | - |
New Brunswick | - | - | 15% |
Nova Scotia | - | - | 15% |
Prince Edward Island | - | - | 15% |
Newfoundland and Labrador | - | - | 15% |
Northwest Territories | - | 5% | - |
Yukon | - | 5% | - |
Nunavut | - | 5% | - |
⚠ Warning
Please check Canadian official websites for the up to date tax rate.
Reference:
https://www.deskera.com/blog/canada-gst-pst-hst/
Customized tax report
https://www.odoo.com/forum/help-1/canada-tax-report-separate-gst-and-pst-233444
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