Do I enter a CCA asset with tax included, or excluded?

E.g. I buy a printer for $35.

Taxes came to GST $1.75 and PST $2.45

Total for the printer itself was $39.20

Then it had an environmental fee of $3.92 ($3.50 before tax, then GST $0.18 & PST $0.25)

Do I enter $39.20 plus the environmental fee?

Just the $39.20?

Just the $35?

Or $35 + environmental fee before tax?

1479

Level 7

Oct 30, 2019 12:52:49 PM

CCA is meant for equipment costing over $500. You can add the printer to office expenses.

As to the GST - Are you required to submit a GST return? ie do you have a GST number? If so, do not include any gst in any of your expenses.

If you are not required to submit a GST return, you include the gst in your expenses.

Why sign in to the Community?

Do I enter a CCA asset with tax included, or excluded?