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Canada Tax Information

5% GST + 0-10% PST (varies)

GST is 5% federal. HST (13-15%) in some provinces. PST varies by province. Registration required above $30,000/year.

Financial Advisor Services to Invoice

  • Financial planning
  • Investment advisory
  • Retirement planning
  • Tax planning
  • Estate planning
  • Insurance review
  • Wealth management

Invoice Requirements in Canada

Business name
GST/HST number if registered
Client details
Invoice number
GST/HST/PST breakdown
Total in CAD

Payment Terms

Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

Net 30Net 15Due on Receipt2/10 Net 30

Payment Methods in Canada

Interac e-TransferBank TransferChequeCredit CardPayPal

Financial Advisor Invoice Tips

  • Include advisor registration
  • Reference advisory agreement
  • Note AUM if applicable
  • Document planning deliverables
  • Meet compliance requirements

Frequently Asked Questions

What tax rate applies to financial advisor invoices in Canada?

Canada has 5% GST + 0-10% PST (varies). GST is 5% federal. HST (13-15%) in some provinces. PST varies by province. Registration required above $30,000/year.

What payment methods are common for financial advisors in Canada?

Common payment methods in Canada include: Interac e-Transfer, Bank Transfer, Cheque, Credit Card, PayPal. Fee-only: project-based or AUM percentage. Flat retainer for ongoing planning.

What should financial advisor invoices include in Canada?

Your invoice should include: Business name, GST/HST number if registered, Client details, Invoice number. For financial advisor services specifically, also include: Financial planning, Investment advisory, Retirement planning.

How should financial advisors structure fees?

AUM percentage (0.5-1.5%), flat retainer, hourly, or project-based. Disclose fee structure clearly.

What compliance info should be on invoices?

Advisor registration (CFP, RIA), firm info, and fee disclosure language as required.

What taxes apply?

GST (5%) applies federally. Some provinces have HST (13-15%) or separate PST.