here's one for the accounting savy crowd here,
i've been read through all i can find on expenses and ITCs, but still have a few questions, maybe someone can help clear up
i've got a small general contractor biz ....started as independant C (sole proprietor) now INC. (since 2010), and have had registered GST # since the beginning
i've already sorted out approriate / record of my legit business expenses
the CRA doesn't list specifically ITCs by purchase types, other then to say 'operating costs' and 'purchases'
http://www.cra-arc.gc.ca/tx/bsnss/tp.../menu-eng.html
i just want to be sure ITC eligible purchases/expenses, includes;
(1) building materials used (purchased by me for specific job being done)
(2) consumable materials (paints, glues, caulking, etc.)
(3) tools (saw, accesories, blades, etc.)
i also haven't been able to be 100% certain, for tools (without making as CCAs) the extent (%) of being able to claim?
thanks
.