How TaxTron Integrates GST/HST Reporting with the T2125 Form

Income and Expenses

Enter your income and expenses on the T2125 form. TaxTron allows you to include GST/HST in these amounts, depending on the selected method (Simplified, Quick, or Detailed).

GST/HST Method Selection

Choose the appropriate GST/HST method (Simplified, Quick, or Detailed/manual). Each method automatically calculates net income and expenses based on your input.

Automatic Calculation

TaxTron calculates the GST/HST amounts and generates the GST/HST return based on the income, expenses, and method selected.

Quick Method

If you use the Quick Method, ensure you enter the remittance rate to calculate GST/HST accurately.

Learn more about the Quick Method

Detailed Method

Manually enter GST/HST amounts for accurate reporting. The GST/HST return is prepared automatically, and the data can be used to file your GST/HST return separately through MyAccount or Represent a Client.

Important Note

If the GST return period differs from the business return period, you must manually input GST/HST income and expenses under the Detailed Method.