GST and PST Bookkeeping for Saskatoon Businesses

Use the actual transaction rules

Saskatchewan PST is 6% on taxable goods and services consumed or used in the province. Ordinary taxable Saskatchewan supplies generally attract 5% GST, but exemptions, zero-rating, registration and place-of-supply rules still matter.

Bookkeeping services relating to Saskatchewan are already within its PST rules, subject to the applicable conditions and exemptions. A business should not use another province’s effective date to decide its Saskatchewan treatment.

Review purchases as well as sales

Taxable purchases from suppliers that do not collect Saskatchewan PST may require self-assessment. Eligible GST input tax credits need their own documentation; PST is not a GST credit. Farm-related purchases and service contracts require classification from the actual facts.

Illustrative example: an ordinary taxable business purchase

Assume a Saskatoon business buys a $1,500 item subject to 5% GST and 6% PST with no exemption. The invoice has $75 GST and $90 PST, for $1,665 total. The two taxes are recorded separately and the purchase receives its appropriate accounting review.

We maintain a short register of uncertain purchases and sales, including the relevant description, work location or destination, supporting documents and final decision. That record helps the business apply a reviewed treatment consistently while recognizing when a new product, service or customer arrangement requires a fresh assessment instead of copying an old setting.

Questions about this work

Put this into practice

• Agricultural inputs →
• PST on accounting services →
• GST and PST worksheet →