Birdwatch Note Rating
2024-12-14 05:01:28 UTC - HELPFUL
Rated by Participant: FAB2A42FEF3B06C8A21CA33097837E74A76318374FE56F1B6648EC2107D78E28
Participant Details
Original Note:
This announcement relates to B2B transactions. When purchasing goods for resale, the buyer is entitled to input tax credits on any GST/HST paid. As a result, applying the tax holiday at the B2B level is pointless, which is why PepsiCo is not doing it. https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/complete-file-input-tax-credit.html
All Note Details