The Complete ITC Guide for Canadian Small Businesses

What Are Input Tax Credits?

Input Tax Credits (ITCs) allow GST/HST registrants to recover the tax paid on business expenses. Understanding how to properly claim ITCs can save your business thousands each year.

Eligible Expenses

Most business expenses that include GST/HST are eligible for ITCs, including office supplies, professional services, and equipment purchases. However, certain expenses like personal-use items and entertainment are restricted.

Documentation Requirements

The CRA requires specific information on receipts to support ITC claims. Under $100, the receipt must show the supplier's name, the date and the total, with the GST/HST charged or the rate. From $100 to $499.99, it must also show the supplier's GST/HST registration number and the tax for each taxable item. At $500 or more, it must also show your business name, the payment terms and a description of each item.

How MapleExpense Helps

MapleExpense automatically scans your receipts, extracts GST/HST amounts, validates supplier registration numbers, and categorizes expenses for ITC claims — saving hours of manual bookkeeping.