SH purchased two trucks for the corp personally acquiring truck financing loans - corp could not be approved. (exclusive business use)
After a few months, SH sold one truck due to cash flow issues (COVID) and used it to pay off the loan and personally paid out of pocket to cover what was short between the sale price and outstanding balance of loan.
My concern is regarding HST.
ITCs were claimed on purchase.
However, when SH sold one truck personally no HST was collected on sale price
Was the SH supposed to have charged HST on sale? Should part of the initial ITCs claimed be impacted? Or is this fine as is?