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E1: 04: Recaptured Input Tax Credits (RITC) Requirements for Canada (Doc ID 2527606.1)

Last updated on JULY 21, 2020

Applies to:

JD Edwards EnterpriseOne General Ledger - Version 9.2 and later
Information in this document applies to any platform.

Symptoms

For certain products the VAT is not-recoverable for the provincial part of the VAT in Ontario, Quebec and PEI. The GST part is fully recoverable.

 

Canada has the following limits for certain categories of tax inputs:

 

- Federal 50% ITC restriction* on meals & entertainment ('M&E')

- Québec 50% ITR restriction* on M&E***

- Ontario ITC recapture** on: 1) M&E; 2) energy; 3) telecom; 4)

road/vehicles/fuel/parts

- Québec ITR restriction* on 1) M&E; 2) energy; 3) telecom; 4)

road/vehicles/fuel/parts

- PEI ITC recapture** on: 1) M&E; 2) energy; 3) telecom; 4)

road/vehicles/fuel/parts

 

There is a need to have the E1 tax programs meet this provincial part of the

Ontario tax requirement.

Cause

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In this Document
Symptoms
Cause
Solution
References


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