Canada Revenue Agency
www.cra.gc.ca
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Claiming ITCs
You can claim an input tax credit (ITC) equal to either a percentage or the entire amount of GST/HST you paid or owe on purchases of capital real property (including improvements to capital real property) that you intend to use in your commercial activities.
There are four sets of rules for ITCs on capital real property, depending on whether you are:
- a partnership or corporation
- an individual
- a public service body, or
- a financial institution
| Allowable ITCs for Capital Real Property | ||||
|---|---|---|---|---|
| Percentage of commercial use | Partnerships and corporation* | Individuals | Public service bodies** | Financial institutions |
| 10% or less | None | None | None | % of use |
| more than 10% up to 50% | % of use | % of use*** | None | % of use |
| more than 50% but less than 90% | % of use | % of use | 100% | % of use |
| 90% or more | 100% | 100% | 100% | % of use |
* These rules do not apply to a partnership or corporation that is a financial institution.
** More information on the rules that apply to public service bodies that buy real property can be found in one of our GST/HST guides listed below.
*** If you use real property more than 50% for your personal use, you cannot claim an ITC for the GST/HST you paid or owe on that property.
