Tag Archives: input tax credit itc allocation method for your gst hst by accountable business services abs absprof edmonton calgary lethbridge and canada

The Excise Tax Act (ETA) generally allows Tax payers to recover Tax received for the purpose of making Taxable supplies. As Tax Preparation and Filing expert Accountable Business Services (ABS) ABSPROF are often asked to review the allocation method used to allocate Input Tax Credits (ITC) between commercial and non-commercial activities. The ETA requires that […]