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The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario , New Brunswick , Newfoundland and Labrador , Nova Scotia and Prince Edward Island .
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
Newsom, a Democrat, portrayed the Republican president-elect’s planned 25% tariffs on goods from Mexico and Canada as a tax on Americans who could see increased prices if the plan moves forward ...
Value added tax (VAT), in which tax is charged on all sales, thus avoiding the need for a system of resale certificates. Tax cascading is avoided by applying the tax only to the difference ("value added") between the price paid by the first purchaser and the price paid by each subsequent purchaser of the same item.
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Value added tax is a tax on manufacturing that taxes the difference between the cost of raw materials and the cost of the final product. FairTax is a proposal to replace every tax in a particular country with a single retail sales tax. To avoid having the tax being regressive, the tax system would also provide a rebate to every citizen subject ...
Starting this weekend, millions of Americans across more than a dozens states are expected to feel the coldest and most persistent blast of Arctic air reaching the Central, Southern and Eastern ...