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mpsinghk
Community Member

Accounts and GST in Canada

I am living and paying my taxes in Canada. I want the input from fellow freelancers on how they handle their accounting and GST in Canada. Specifically, if we have to log all invoices Upwork send on our behalf to clients in our accounting software or we can just use Upwork as our client as we receive funds in our bank.

 

Secondly, how to log the withdrawal fee in our accounting system that Upwork deduct whenever they send the funds to our bank account.

 

Any guidance on managing Canadian accounts will be helpful.

1 REPLY 1
webdevshed
Community Member

Just add up all the deposits you received in your Canadian bank account from Upwork, for the fiscal year and that is your total self-employment income.

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