Proper tax configuration ensures your invoices include the correct sales tax for your location. Stortech integrates with Stripe Connect to manage taxes, which are automatically applied to all rentals.
Accessing Tax Settings
From your facility dashboard, click "Paramètres" (Settings) in the left sidebar. Click the "Taxes" tab.
How Taxes Work in Stortech
Taxes are managed via Stripe and created in your Stripe Connect account. They are automatically applied to all rental invoices. Each facility can have different tax rates, and multiple taxes are supported (GST, PST, HST, or state taxes).
Common Tax Configurations
Quebec, Canada: TPS (GST) at 5.000% plus TVQ (QST) at 9.975%, for a combined total of 14.975%.
Ontario, Canada: HST at 13.000%.
British Columbia, Canada: GST at 5.000% plus PST at 7.000%, for a combined total of 12.000%.
United States (California example): State Sales Tax at 7.250% or more, varying by city and county. US tax rates vary significantly by state, county, and city, so verify your local requirements.
Adding a New Tax
Step 1: Click "Ajouter une taxe" (Add a tax) button. A form will appear.
Step 2: Enter Tax Details. For Tax Name, enter a recognizable name like "GST", "TVQ", or "State Sales Tax". For Region, select the geographic region this tax applies to. For Rate, enter the percentage rate (for example, 5.000 for 5%).
Step 3: Click Save/Confirm. The tax is added to your Stripe Connect account and will automatically apply to future invoices.
Editing a Tax
Find the tax in the table, click the edit button (pencil icon), update the rate or details, then save changes. Note that changes apply to future invoices only; existing invoices are not affected.
Tax Calculation Example
For a 10 by 10 unit at $100 per month in Quebec: Monthly Rent is $100.00, TPS (5%) is $5.00, TVQ (9.975%) is $9.98, for a Total of $114.98.
Important Notes
Taxes are stored in your Stripe Connect account and changes sync automatically. Stripe handles tax calculations and reporting. Verify rates annually as tax rates can change. Check local laws as some services may be exempt. Keep records and maintain tax documentation.
Common Questions
Do I need to set up taxes? Yes, if sales tax applies in your location. Most jurisdictions require collecting sales tax on storage rentals.
Why are my taxes created in Stripe? Stripe handles payment processing and tax calculations. This ensures accurate tax reporting and compliance.
What if tax rates change? Edit the tax rate in Settings. New invoices will use the updated rate.
Are taxes included in the displayed price? No, taxes are added on top of the rental price (tax-exclusive pricing).
How do I get tax reports? Tax reports are available through your Stripe dashboard. Stortech invoices also show tax breakdowns.
Need Help?
If you have questions about tax configuration, click the "Support" button in the sidebar or email [email protected]. For tax advice, consult a local accountant or tax professional.