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In all provinces where the provincial sales tax is collected, the tax is imposed on the sale price without GST (in the past, in Quebec and in Prince Edward Island, PST was applied to the combined sum of sale price and GST). Of the provincial sales taxes, only the QST (and the HST) are value-added; the rest are cascading taxes.
In addition, federal laws may prohibit the possession or carry of any knife on certain federal properties such as courthouses or military installations. U.S. federal laws on switchblades do not apply to the possession or sale of switchblade knives within a state's boundaries; the latter is regulated by the laws of that particular state if any.
The federal government levies a value-added tax of 5%, called the Goods and Services Tax (GST), and, in five provinces, the Harmonized Sales Tax (HST). The provinces of British Columbia, Saskatchewan, and Manitoba levy a retail sales tax, and Quebec levies its own value-added tax, which is called the Quebec Sales Tax.
The SBD is based on "small business limits" which is currently $500,000. Previously, a "CCPC using the SBD [could] claim the small business tax rate on up to $500,000 of its active business income carried on in Canada", which represented a sizable tax reduction. [10] For almost all provinces and territories, the small-business limit is $500,000.
In arms sales and black market activities, non-state transfers are transactions of weapons or other goods - material or non-material - where neither party involved is a government. This is in contrast to the usual practice of arms sales, where a government purchases arms from another government or from private industry.
The Personal Property Security Act ("PPSA") is the name given to each of the statutes passed by all common law provinces, as well as the territories, of Canada that regulate the creation and registration of security interests in all personal property within their respective jurisdictions.
(Reuters) -Canada's government introduced legislation on Monday to implement a national freeze on the sale and purchase of handguns as part of a gun control package that would also limit magazine ...
Foreign corporations often incorporate branches or special-purpose subsidiaries within Canada in order to facilitate business and control their investments. [11] Business profits earned in Canada by such a branch will be subject to regular federal and provincial corporate Income Taxes. An additional Federal Branch Tax is also applied on profits ...