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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).


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