Restrictions on ITRs for Large Businesses
Not all goods and services acquired by a large business under the QST system give entitlement to input tax refunds (ITRs).
Therefore, as a registrant, you must determine whether you constitute an SMB (small or medium-sized business) or a large business for each fiscal year.
You are generally considered to be a large business for a given fiscal year if your and any associated corporations' taxable supplies made in Canada in the fiscal year that precedes the given fiscal year exceed $10 million.
Restrictions on ITRs will be gradually eliminated as of January 1, 2018.