Posted by Rod in Smiths Falls, on March 14, 2008 at 20:10:58 from (209.71.222.43):
I'm new at filing farm taxes. The software, Quiktax Unincorporated Business, seems reasonable and I can understand most of it. What throws me, though, is G.S.T. recovery. I keep hearing the phrase, "You get it back later," but I can't figure out how. I found one form (GST 370) for an employee of a business to claim it, but that's the only one.
The other thing is finding out how to buy untaxed diesel in relatively small quantities. I kept all of my receipts from the service station where I bought it, but I can't find a way to make a claim for the taxes.
With the kind of revenue my outfit produces, hiring an accountant would put me out of business, so I need to learn how to do this by myself.
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Today's Featured Article - Timing Your Magneto Ignition Tractor - by Chris Pratt. If you have done major engine work or restored your tractor, chances are you removed the magneto and spark plug wires and eventually reached the point where you had to put it all back together and make it run. On our first cosmetic restoration, not having a manual, we carefully marked the wires, taped the magneto in the position it came off, and were careful not to turn the engine over while we had these components off. We thought we could get by with this since the engine ran perfectly and would not need any internal work. After the cleanup and painting was done, we began reassembly and finally came to t
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