07/30/2026
📢 GST/HST TIP FOR BUSINESS OWNERS 💰
Did you know you could be missing out on valuable GST/HST refunds?
Here are some important ITC (Input Tax Credit) rules:
✅ Claim GST/HST paid on eligible business expenses such as:
• Inventory
• Computers & Equipment
• Office Furniture
• Business Supplies
🆕 New GST/HST Registrants
If you owned business inventory or equipment before registering and still use it in your business, you may be able to claim the GST/HST paid on those items.
❌ You CANNOT claim GST/HST on services that were completed before your GST/HST registration, such as:
• Accounting
• Legal Fees
• Consulting
• Repairs
🏢 Prepaid Rent
If you prepaid rent before registering, you can only claim the GST/HST for the period after your registration date.
⏳ Forgot to claim an ITC?
Most small businesses have up to 4 years to claim missed GST/HST credits.
💡 Proper ITC claims can save your business hundreds or even thousands of dollars.
📞 Need help with GST/HST, Bookkeeping, or Corporate Taxes?
BK Tax & Real Estate Inc.
📱 WhatsApp: (647) 559-9219
📧 [email protected]
🌐 www.bktaxes.ca
Your Success Is Our Business