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WDV, Wheels & the GST Wheelspin

If your business sells a used car that sat on your balance sheet and depreciation was claimed under the Income-tax Act, the GST playbook is very different from selling a brand-new vehicle-or even from flipping any other second-hand asset. The rules care about whether you took ITC, how you valued the car, and what the rate is on the "margin." Let’s demystify the lot, with clean steps, practical examples, and a pinch of humour so your brain’s gearbox doesn’t grind........ Read More