Post #24 — PayBook
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- Brand
- PayBook
- Platform
- Status
- Posted
- Pillar
- educational
- Scheduled
- May 3, 2026 4:33pm PDT
- Posted
- May 3, 2026 4:35pm PDT
- Created
- May 3, 2026 4:25pm PDT
Caption
Quick cash flow win: Track your GST/HST separately from day one. Here's why: When you collect GST/HST from customers, it's not actually your money—you owe it to the CRA. If you mix it with your regular income, you'll hit tax time and suddenly realize you don't have cash to pay it back. The fix? Open a separate savings account just for GST/HST. Every time you collect it, move that portion over immediately. Problem solved. Your filing deadline? You've got until the last day of the month following your reporting period (monthly, quarterly, or annually—depends on your sales). Small step, massive peace of mind. 💪
#SmallBusinessCanada #Bookkeeping101 #CashFlowTips #CanadianSmallBiz #GST #PayrollTips #SmallBizOwner
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Image Prompt
Infographic showing a Canadian small business owner confidently separating GST/HST funds into a dedicated account. Clean, modern design with Canadian colors (red and white). Simple icons showing money flowing into a savings account labeled 'GST/HST Fund'. Friendly, approachable illustration style.