Boreal Advisory Ltd. is a GST-registered corporation operati…
Boreal Advisory Ltd. is a GST-registered corporation operating in Alberta. During the reporting period, Boreal earned $220,000 from taxable consulting services, $180,000 from zero-rated services, and $100,000 from exempt activities. Boreal paid $2,400 of GST on purchases used exclusively in its taxable and zero-rated activities and $500 of GST on purchases used exclusively in its exempt activities. It also paid $1,050 of GST on shared administrative costs that support all three revenue-producing activities. Boreal allocates these shared costs based on the proportion of revenue generated by each activity. What is Boreal Advisory Ltd.’s net GST payable for the reporting period?