Skip to main content
April 17, 2025
Question

Taxes paid

  • April 17, 2025
  • 1 reply
  • 0 views

I issued an invoice for consultant work completed for Dec 2024 on December 20, 2024.  I don't get paid until the following month so I received payment Jan 31, 2025 and then paid 30% for taxes to CRA.  Can I claim that tax payment as it was related to 2024 income?  The same would go for the associated HST that I had to pay at the time.

    1 reply

    TurboTaxAniqua
    April 23, 2025

    You will report that income for 2025 rather than 2024 since the payment was received in that year.

     

    Thank you for choosing TurboTax.