In 2019 Ming Xo Inc. generated taxable income of $720,000 and incurred expenses of $560,000. What is the Company’s GST remittance and PST remittance to the CRA for 2019? In 2020 Ming Xo Inc. generated taxable income of $420,000 and incurred expenses of $490,000. What is the Company’s GST remittance and PST remittance to the CRA for 2020?

Answer rating: 100% (QA)

In 2019 the companys GST remittance would be 72000 and its PST remittance would be 14400 In 2020 ... View the full answer