Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
Level 1

When calculating inventory, do you include the cost before or after taxes?

When entering the amount for inventory in income tax forms, is it the amount before or after taxes?

1 Best answer

Accepted Solutions
Level 1

When calculating inventory, do you include the cost before or after taxes?

If you are registered for a GST/HST account, then you don’t include the GST/HST, as you would get credits for that when you submit your GST/HST return. If you are not registered for GST/HST, then you would include the GST/HST in you inventory costs.


View solution in original post

1 Reply
Level 1

When calculating inventory, do you include the cost before or after taxes?

If you are registered for a GST/HST account, then you don’t include the GST/HST, as you would get credits for that when you submit your GST/HST return. If you are not registered for GST/HST, then you would include the GST/HST in you inventory costs.


View solution in original post