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Level 2
posted Oct 30, 2019 11:12:02 PM

Carrying charges for investment advise can I include the GST amount as a expense?

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1 Replies
Level 15
Oct 30, 2019 11:12:04 PM

Yes, you can include any taxes you pay on your carrying charges. Only if you were a GST Registrant and claiming an Input Tax Credit (ITC) would you not include the GST.