ITC on capital assests

suekeetchsuekeetch Member Posts: 1

how does one account for the HST paid on a capital asset that will be depreciated?

Comments

  • JamieDJamieD Administrator Posts: 795 admin

    @suekeetch So in your particular case, you won't need to track HST on the depreciated value -- all you will need to do is make sure that you add HST to the transaction that was originally create for the asset itself (before the asset gets depreciated).

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