Question: W2020Example 3: ABC Company operates its business in Ontario and itgenerates 10% of its overall revenue from the sale of taxable supplies (fullytaxable + zero-rated

W2020Example 3: ABC Company operates its business in Ontario and itgenerates 10% of its overall revenue from the sale of taxable supplies (fullytaxable + zero-rated supplies) and 90% of its revenue from exemptsupplies.It pays $10,000 in rent every month. Therefore, the HST Paid on its rent is$1,300.How much can it claim as an Input Tax Credit (ITC)

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