Tax Definitions

Tax ID information.

Kosta Panagoulias
Written by Kosta PanagouliasLast update 7 months ago

Tax ID: This is your jurisdictional tax identification number located within your business registration. For example, in Ontario, Canada, the tax number is a 9-digit number. This is usually required to be displayed on quotes and invoices.

Tax ID Label: If you charge tax, this is the label you would identify the tax on your quotes and invoices. For example, in Ontario, Canada, the Tax ID Label would be "HST".

Tax Rate: This is the (%) tax rate that you charge your customers. For example, in Ontario, Canada, the tax rate for services is 13%.

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