Question: Underwater World Ltd., is located in Alberta. Alberta does not participate in the HST program and does not have a provincial sales tax. Among the
Underwater World Ltd., is located in Alberta. Alberta does not participate in the HST program and does not have a provincial sales tax. Among the purchases Underwater World Ltd. made during December were the following items:
Item Price Before GST
New motor for Dinghy #1 $7,000
New snorkeling equipment (for charter trips) 400
Water ski club membership fee (for the president) 700
Membership to Waterways Ltd. 500
Waterways Ltd. carries supplies for charter boat operators and requires the payment of a membership to use their services. The input tax credits that Underwater World Ltd. can claim for the above items for December are:
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