Accounting for recaptured input tax credits (RITCs)

Persons subject to the recaptured input tax credits (RITCs) requirement will not be allowed to simply forego claiming these RITCs in their calculation of net tax. Instead, they will be required to separately identify any RITCs in their GST/HST NETFILE returns.

Forms and publications

• GST/HST Technical Information Bulletin B-104, Harmonized Sales Tax - Temporary Recapture of Input Tax Credits in Ontario and British Columbia
• GST/HST Info Sheet GI-100, Harmonized Sales Tax: Builders and Recaptured Input Tax Credits
• Form RC4530, Election or Revocation of an Election to use a Production Proxy to Report the Recapture of Input Tax Credits
• Form RC4531, Election or Revocation of an Election to Use the Estimation and Reconciliation Method to Report the Recapture of Input Tax Credits