08/18/2026
BOOKKEEPING TIP: Budget for your GST before the payment is due 💰
GST can add up quickly — especially if you’re filing quarterly or annually.
One of the easiest ways to avoid a cash flow crunch is to budget for GST as you collect it, rather than waiting until your filing deadline to figure out how you’re going to pay it.
Depending on your filing frequency:
MONTHLY
You’re dealing with smaller, more frequent GST payments.
QUARTERLY
You may be paying three months of GST at once, which can create a much larger cash outflow.
ANNUALLY
A full year of GST can become a significant bill if you haven’t been setting money aside along the way.
💜 Our tip? Keep your GST money separate.
Consider opening a separate savings account and regularly transferring the GST you collect into it.
That way, when your GST payment is due, the money has already been budgeted for instead of having to come out of your everyday operating cash.
Remember: GST collected isn’t extra business income — it’s money you’re holding until it’s time to remit it.
A little planning throughout the year can make those GST deadlines a whole lot easier on your cash flow.
