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  • 7.7. How can I claim input tax credits if I exceed the financial acquisitions threshold?

    Non-interpretative – straight application of the law

    Even if you exceed the financial acquisitions threshold, a reduced input tax credit is still available to the extent that the acquisition is a reduced credit acquisition.

    Certain specified acquisitions that relate to making financial supplies can give rise to an entitlement to a reduced input tax credit. These specific acquisitions are called reduced credit acquisitions. The GST Regulations contain the complete list of reduced credit acquisitions.

      Last modified: 31 Oct 2017QC 16359