Canada Tax Questions Answered by Experts
I have a BC corporation with which I invoice clients and charge GST. As I understand it, of the GST I collect I can retain an amount equal to that of GST I pay out in sales tax for items required to run my business. Would this apply to HST I spend in Ontario on an item for my business, even though I am only collecting GST? As in would I be able to use the GST I collect against HST spent? Or am I better to only buy things in BC or Alberta where I won't end up paying HST?