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Home > QFINANCE Dictionary > Definition of input tax credit

Definition of

input tax credit

Tax

refund of Canadian Goods and Services Tax in Canada, an amount paid as Goods and Services Tax on supplies purchased for business purposes, which can be offset against Goods and Services Tax collected

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Definitions of ’input tax credit’ and meaning of ’input tax credit’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’input tax credit’ and other financial terms with our online QFINANCE Financial Dictionary.

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