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    Carmen333's Avatar
    Carmen333 Posts: 1, Reputation: 1
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    #1

    Mar 14, 2010, 06:36 PM
    Start up small business
    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?
    Clough's Avatar
    Clough Posts: 26,677, Reputation: 1649
    Uber Member
    		  
    #2

    Mar 29, 2010, 09:20 PM
    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!
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