Thank you for this information, most helpful! I just wanted to confirm/clarify something ... I understand that in PART4 of the T2125 for business expenses, things like Advertising, Office Expenses, etc. , we are to enter the expense amount only, less the GST/HST we paid if we are registered. Which I am, and I do claim ITC.
My question is : Does the same apply to Part 3D - Cost of goods sold? For lines - Opening Inventory and Purchases During the Year - Would I include or exclude the GST/HST that I paid on my purchases of raw materials?
