Key Features of Canadian Receipt Templates
For Canadian businesses, a compliant receipt template must clearly display specific information to satisfy tax authorities like the Canada Revenue Agency (CRA). Essential features include your business's legal name and address, the date of the transaction, and a unique receipt number for tracking. It's crucial to itemize goods or services, showing quantities, unit prices, and a subtotal before taxes. Most importantly, the template must clearly indicate the applicable Goods and Services Tax (GST) or Harmonized Sales Tax (HST) rate and amount, or state that taxes are included in the price. For transactions with other GST/HST registrants, including your 15-character GST/HST registration number is often required. Templates should accommodate various transaction types, from simple cash sales to detailed service invoices.