Memorandum 8-3 - "Calculating Input Tax Credits"

46. … If a particular method accurately reflects the purpose for which the property or service was acquired, the method would be fair and...

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First-order v. second-order supplies

27. Where inputs are acquired, imported or brought into a participating province for consumption or use for...

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ITC determined on a billing period by billing period basis

74. Under subsection 136.1(2), ongoing services will be treated as a series of separate...

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Example of allocation between improvements and repairs (para. 65)

Example

In March 2014, a landlord … engages a contractor to make improvements...

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Soft costs included in ACB (para. 62)

Under section 54 of the Income Tax Act, the capital cost (or adjusted cost base) of capital property is...

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