I Know you are the seller now. I was referring to the seller you bought from.
I just don't see how this can be a problem.
You loan paid off all the money owing to John Deere including the sales tax.
So that means you are not in debt to anyone but the bank.
And if the bank agrees that all the debt will be paid off so they will remove the lien then you don't owe them any money.
And if you are asking about getting HST credit then it still flows through as you've paid the tax.
But you should speak to your accountant as you would have been writing the depreciation of this equipment off and the accountant may have some advice about how to document the sale.
Does that answer your question?
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