CRA generally permits claiming of input tax credits for GST/HST purposes on costs that relate to a specific proposed asset acquisitions

CRA has indicated that once a company, which has raised capital on a blind pool basis, has identified a commercial enterprise to acquire in an asset purchase, it generally will be entitled to register and claim input tax credits for GST or HST on its related costs thereafter incurred by it  - but not before.

Neal Armstrong.  Summary of 5 November 2011 Headquarters Letter 135608 under ETA s. 141.1(3)(a).