by Hans Verbeek
(Vancouver, BC)
Open for Business
HST input credit for a start up business in B.C.
I am in the process of setting up a new business. I am incurring expenses, but do not have any HST payables because there is no revenue stream yet. I am on quarterly reporting. It may take up to two or three reporting periods before a revenue stream will generate HST payables.
Can I claim my input credits during this period? Some of the input credits may be substantial as I pay for leasehold and capital expenses?
Thanks
Hans Verbeek
Comments for Business Startup Expenses and HST
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