Help Please. I am just starting a new business in BC Canada and I think I want to convert my truck (personal property) to business (business use), for GST purposes. It is used 100% for business. How do I post this? Do I post it as an Owners Contribution and the Cap. Assets and GST paid?

Hi, Carmen333!

I'm not sure what you're really asking here. Are you asking because of wanting to deduct the business expenses of the truck for tax purposes?

Thanks!