• 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: 24 Jun 2015QC 16359