Reporting and Remitting
Retail Sales Tax
Compensation
Compensation is an amount given to vendors for collecting retail sales tax (RST) on behalf of the province.
You can claim compensation for collecting RST if:
- you are a registered vendor, and
- you file your return.
The amount of compensation you can claim is based on the amount of RST charged on your sales for the period. This is the amount you reported on Line 2 of your return.
The most that you can claim in compensation is $1,500.00 for each legal entity for a 12-month period from April 1 to March 31.
- If you charged $20.00 or less then you may deduct the whole amount.
- If you charged between $20.01 and $400.00 then you may deduct $20.00
- If you charged more than $400.00 then you may deduct 5% of the amount shown on Line 2
Further information on filing requirements and completing the Retail Sales Tax Return.
