Is PST a Tax Deduction?
(Canada)
Can I write off my PST paid --- on my taxes?
When you did your bookkeeping, you would have included PST in the cost of any item you purchased ... thereby expensing it ... as it is a legitimate cost of doing business.
When you prepare your T2125, you can include the PST paid ... which means you don't have to adjust your figures from your income statement.
For 13 items that are not tax deductible or 8 deductions that have limitations, check out
Part 1 of A Tax Planning Opportunity.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Home Business Taxes.
Enjoy this page? Please pay it forward. Here's how...
Would you prefer to share this page with others by linking to it?
- Click on the HTML link code below.
- Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment,
your Facebook account, or anywhere that someone would find this page valuable.