Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Simon operates an HST-registered mobile glass repair service in Ontario. His service revenue for the year is $28 000. His HST-taxable purchases amounted to $4000.
-
Simon operates an HST-registered mobile glass repair service in Ontario. His service revenue for the year is $28 000. His HST-taxable purchases amounted to $4000. Simon does not use the Quick Method for claiming ITCs. By calculating the difference between the HST he collected and the HST he paid, determine Simons HST remittance to the CRA.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started