Solved
Tax on capital assets
I'm a newly registered HST collector this year. I'll be using the quick method of accounting.
I understand I can still deduct HST on capital assets purchased from the HST I need to pay. My question is when inputting these same capital assets into the CCA section of TurboTax do I subtract the HST from my purchase or leave it in? I understand when using the regular method you should not include the HST when inputting to the CCA section, but I just want to be sure that also applies when using the quick method. Thanks!
