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Getting Ready For Hst
- 13. Revenues Gross GST Now HST Consumer cost Residential Camp 100,000 5,000 12,000 112,000 Rentals 20,000 1,000 2,400 22,400 Transportation 10,000 500 1,200 11,200 Tax Charity 40% 2,600 6,240 Expenses Cost Prev With Tax Now With Tax Prev ITC 50% GST Now ITC 50% HST Wages 50,000 50,000 50,000 None None Supplies 40,000 44,800 44,800 1,000 2,400 Janitorial services 20,000 21,000 22,400 500 1,200