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Old 04-14-2011, 01:23 PM   #13
You Need a Thneed
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Originally Posted by transplant99 View Post
still one of the most mind-boggling parts of the whole stupid tax.
Corporations pay tax on the initial vehicle, but can deduct it on thier net GST return. At that point, the government is net $0 in collecting GST on the vehicle. When the corporation sells the vehicle, they must charge GST on it, so that there is GST payable to the governemnt for the vehicle. If another corporation buys it, they will get that GST paid back on their GST return.
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