small logo Tax Tips & Issues - GST Input Tax Credits
 

If you or your company are registered for GST you may normally claim, as in input tax credit, any GST paid on business purchases. There are, however, a number of rules to be observed.

ITC Eligibility: % = extent used in commercial activity

Type of Property

% Business Use

General Registrant

Exceptions

Registered Individual*

Public Sector

Financial Institutions
Personal Property & Services < 10%

n/a

 n/a n/a % use
10% to 90% % use % use % use % use
> 90% 100% 100% 100% 100%
Capital Personal Property < 50% n/a n/a n/a n/a
> 50% 100% 100% 100% 100%
Passenger Vehicles** & Aircraft < 10% n/a n/a n/a % use
10% to 50%

n/a

CCA

 n/a % use
> 50% to 90% 100% CCA 100% % use
90% + 100% 100% 100% % use
Capital
Real
Property		 < 10% n/a n/a n/a % use
10% to 50% % use n/a n/a % use
> 50% to 90% % use % use 100% % use
90% + 100% 100% 100% % use

*Includes partnerships, in the case of passenger vehicles CCA x 7/107.
**Eligible only to capital cost threshold (currently $26,000)

For more information or to arrange an initial meeting please call (613) 727-3845 or e-mail: info@robertson-sharpe.com

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