5% Addition information about the GST is available at 1-800-959-5525
pst (provincial sales tax)--7% gst (goods & services tax [canada wide])--5%
The Goods and Services Tax (GST) was introduced in Canada on January 1, 1991.
Brian Mulroney introduced the Tax while Prime Minister in 1991.
Are you referring to GST (Goods and Services Tax) which is a tax on some goods (not primary produced goods) and services (if the entity is registered for GST)?
There are four main elements to the current federal tax structure. These are individual and corporation tax, payroll taxes, estate and gift tax, and excise taxes on specific goods and services.
The Goods and Services Tax is a federal tax applied to all regions across Canada. It is a constant rate of 7% regardless of where you are, or reside, in Canada. Unless of course you qualify for tax exemptions.
It is an indirect tax.It is a tax levied on the sale of goods and merchandise. In many countries tax on sale of goods and tax on services is integrated into one tax called GST or Goods and Services Tax
Goods and Services Tax
The Goods and Services Tax in Australia is 10% on any goods and services that you buy. Fresh food is exempt from this tax
It is GST
goods and services taxThe goods and services tax (GST) is a Canadian value-added tax levied on most goods and services sold for domestic consumption. The tax is levied to provide revenue for the federal government. The GST is paid by consumers, but it is levied and remitted to the government by businesses selling the goods and services.
It is the tax which is levied on the value of goods or services which are sold.