Input Tax Credits (ITC) Query for Taxes | Selling

hold.your.own.media · 2024-03-20T05:11:06.045000Z

Hello all, I was just wanting some layman clarification on what we can claim as ITCs. The GVMT has listed the below as options:-business-use-of-home expenses-business start-up costs-delivery and freight charges-fuel costs-legal, accounting, and other professional fees-maintenance and repairs-meals and entertainment (allowable part only)-motor vehicle expenses-office expenses-rent-telephone and utilities-travel Can we also claim the GST paid on items purchased specifically to resell? I used to do predominantly personal sales until more recently. Was hoping this could also be factored in when filing my GST return. If not, is there anything we can do to claim those amounts? Much appreciated, thanks!

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Input Tax Credits (ITC) Query for Taxes | Selling | eBay Canada EN