Cost of Vehicle for CCA in BUS AUTO#1:

Client is HST Registrant and will be claiming HST paid on the car purchased. But Profile calculates CCA n amount including HST amount. Is it ok to overwrite the amount in "Cost of Vehicle for CCA"?

Answer

You just zero out the sales tax on the purchase on the BUS AUTO form. If taking GST/HST for the client, you need to do it to match depreciation - meaning, you zero out the sales taxes, and then take the amount of depreciation and times it by 13%. Hope this helps.

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