Input Tax Credit (ITC) question
Hi Fellas,
For the Input Tax Credit, does it have to be business related purchases that I've made DURING the same HST period? What about all the expenses (along with HST paid) that had incurred before the incorporation date? In case of a capital purchase under the CCA which amortize over 2-3 years, what should the treatment of the ITC be?
thanks a lot!!
For the Input Tax Credit, does it have to be business related purchases that I've made DURING the same HST period? What about all the expenses (along with HST paid) that had incurred before the incorporation date? In case of a capital purchase under the CCA which amortize over 2-3 years, what should the treatment of the ITC be?
thanks a lot!!