Businesses normally get a full credit for the goods and services tax (GST) and/or Harmonized Sales Tax (HST) that they have paid.

Question

Quizplus · Accepted Answer

Businesses can claim input tax credits (ITCs) for the GST/HST they have paid on eligible business expenses, which reduces the net amount of GST/HST to be remitted to the government. This allows businesses to recover the GST/HST they have paid on their purchases and expenses.

Businesses Normally Get a Full Credit for the Goods and Services