Can i claim ITC for my vehicle on food delivery?

Forum|Forum|3 years ago
February 16, 2023
1 reply
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Can I claim ITC for my vehicle on food delivery?

Best answer by guriraji

You still have to report the income you make, it is just considered to be "Zero Rated". You declare the total income you earned and "zero" for the amount charged or collected.

Thank you for choosing TurboTax.

guriraji

As per our TurboTax article: GST/HST Reporting Requirements For Food Delivery Services

Here is a list of common purchases and expenses for which you may be eligible to claim ITCs:

business start-up costs
business-use-of-home expenses
delivery and freight charges
fuel costs
legal, accounting, and other professional fees
maintenance and repairs
meals and entertainment (allowable part only)
motor vehicle expenses
office expenses
rent
telephone and utilities
travel

For more information please visit the Canada Revenue Agency (CRA) Calculate input tax credits - Types of purchases and expenses

Thank you for choosing TurboTax.

megassoftAuthor

Thank you @guriraji for the answer. I have another question regarding this,

I specifically need to know if I can report my total income on food delivery services even if it is zero-rated and under $30,000 (Note: I already registered for GST/HST Account to claim ITC so that I have to report every year anyways).

Thank you all for help 😊

gurirajiAnswer

You still have to report the income you make, it is just considered to be "Zero Rated". You declare the total income you earned and "zero" for the amount charged or collected.

Thank you for choosing TurboTax.