Tax Reserve · money to set aside
Keep the taxes you'll owe out of your spending money. Two buckets: the sales tax you collect (GST + QST) that goes to CRA / Revenu Québec, and a slice of your income set aside for your year-end income tax bill.
Sales tax — GST + QST
Collected (paid)
–
GST – · QST –
Moved to savings
–
total set aside
➡ Transfer now
–
received, not yet set aside
Balance
–
should match your account
Log a transfer to savings
Log a remittance
Income tax — 35% of income
Income (paid, pre-tax)
–
fees you've been paid
Set-aside target
–
for year-end tax
➡ Transfer now
–
target not yet set aside
Balance
–
saved for income tax
Log a transfer to savings
Log a tax payment
The set-aside rate is an estimate you control — change it in Settings. It's applied to your pre-tax income (a conservative, gross figure); your actual tax may be lower after deductions.