How it works.
Here’s how the tax saving work:
You are trading in your old table for $150 dollars credit, and purchasing a $240 desk for your studio
Save another $19.50 in taxes you get to keep in your pocket instead of Revenue Canada.
Your table turns out to be worth $169.50 – can you ask for a better deal?
Total Tax savings is $31.20 -$11.70 = $19.50