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

Question

Quizplus · Accepted Answer

Businesses can generally claim full input tax credits (ITCs) for the GST/HST they pay on goods and services used in their commercial activities, but the ability to recover PST varies by province and is often not fully recoverable as an input tax credit.

Businesses Normally Get a Full Credit for Both the Goods