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Muskoka Boys Shaving Co. (MBSC) is a GST/HST registrant operating an online store in Ontario's cottage country region. The company specializes in selling fine grooming
Muskoka Boys Shaving Co. ("MBSC") is a GST/HST registrant operating an online store in Ontario's cottage country region. The company specializes in selling fine grooming products for men. It is June 1, 2023 and the company is preparing its GST/HST filing for the 2022-01-01 to 2022-12-31 reporting period. During 2022, the company made sales (excluding GST/HST) to the following locations: - Ontario: $100,000 - Alberta: $60,000 - Nova Scotia: $5,000 - United States: $20,000 Expenses (excluding any applicable GST/HST and acquired in Ontario) for the same period consist of: - Purchases of inventory: $83,000 - Meals and entertainment: $10,000 - Internet (business portion) and office supplies: $2,000 - "Movember" charitable donations: $5,500 - Rent (the company operates out of the owner's principal residence): $25,000 - Legal and accounting fees: $12,000
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