Since we’ve been talking about it, it will officially happen on January 1, 2021: the total elimination of restricted ITRs for large businesses! As of January 1, 2021, large businesses will have the same treatment as other businesses in terms of claiming the QST paid on all their expenses. Be sure to adjust your accounting system. In summary, expenses subject to ITR restrictions include: Road vehicles weighing less than 3,000 kg that must be registered under the Highway Safety Code to operate on public roads (“restricted vehicles”); Gasoline used to power the engines of restricted vehicles except for diesel; Improvements
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