Finance Lease Calculator (bottom)

Item GST Treatment
Input Tax Credit claimable by Financier on equipment The input tax credit is equal to the GST payable on the purchase price of goods financed.
(Eg. $33,000 x 1/11 = $3,000)
Luxury Motor Vehicles where the Cash Price is equal to or greater than the motor vehicle depreciation cost limit currently at $57,581.00 The input tax credit is limited to $5,235.00 (1/11th of $57,581.00).


The full contents of this article is only available to our members. Click here to become a member.

Already a member?

Please enter your username and password below to gain access.

Member's Login
Username
Password
  retrieve your password