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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!
If you are claiming an ITC on the capital asset then you don't include the sales tax when you enter it in the CCA section.

stevejdale
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