Question: Please show step by step solution to all calculations. a ) List three methods that exist to calculate a taxpayer s HST liability. b )
Please show step by step solution to all calculations.
aList three methods that exist to calculate a taxpayers HST liability.
bBriefly explain the small supplier exemption in HST legislation.
c During Magico Inc., a Ontario CCPC made taxable supplies in Ontario of
$ excluding HST incurred taxable purchases of $ excluding
HST and incurred expenses on which HST was not payable of $ Magico Inc.
also acquired capital equipment at a cost of $ including HST
Required:
Compute Magico Inc.s total HST liability for using the long form method show all
detailed calculations
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