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Level 1

Do Canadian banks include HST in our day-to-day banking fees? i.e. transfer fee of $1 etc

 
Solved
Best answer 03-11-2019

Accepted Solutions
QuickBooks Team

Hello traceyopperman, We'd want you to have the right ans...

Hello traceyopperman,

We'd want you to have the right answers to your HST-related concerns. 

It's best to get in touch with your bank directly. They'd be able to look up your account and verify if the bank fees include HST.

Feel free to visit the Community if you have any additional questions or concerns. Thank you.

View solution in original post

3 Comments
QuickBooks Team

Hello traceyopperman, We'd want you to have the right ans...

Hello traceyopperman,

We'd want you to have the right answers to your HST-related concerns. 

It's best to get in touch with your bank directly. They'd be able to look up your account and verify if the bank fees include HST.

Feel free to visit the Community if you have any additional questions or concerns. Thank you.

View solution in original post

Anonymous
Not applicable

Re: Hello traceyopperman, We'd want you to have the right ans...

Hi,

 

So, do you mean that whether to charge HST on bank charges is the bank's discretion?

 

I came to this discussion thread thinking there would be a definitive Yes or No answer.

Level 2

Re: Hello traceyopperman, We'd want you to have the right ans...

traceyopperman:

Finance charges do not include HST.  They are HST-exempt.

As to bank charges for printing of cheques, that may be another matter - never had a clear understanding of yes/no on that one! I suspect they too are exempt.