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The GST applies nationally. 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.
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 ...
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).
They exist under the suite banner of Sage Business Cloud, and the products were initially known as Sage One and are available in many of the territories that Sage operate. Originally launched in the UK and Ireland in 2011 Sage Business Cloud is a set of small business management tool that offers accounting, payroll, payments and time-tracking ...
Anyone who collects VAT becomes a VAT Trustee if they: register and collect a Business Identification Number (BIN) from the NBR; submit VAT returns on time; offer VAT receipts; store all cash-memos; and use the VAT rebate system responsibly. VAT Mentors work in the VAT or Customs department and deal with trustees. The VAT rate is a flat 15%.
Sage 100 or Sage100cloud, formerly known as Sage 100 ERP, and before that Sage MAS 90 or Sage MAS 200, is accounting software offered by Sage. [1]First offered in the mid 1988s by a company called State of the Art, Inc, the Master Accounting Series for the 90s, gained significant market share by developing a reseller channel largely made up of Certified Public Accountants (CPAs).
Sage Intacct has a suite of subscription-based accounting products. [16] Its web-based applications are built on top of its internally developed platform. [17] Sage Intacct's application includes accounts payable, accounts receivable, cash management, collaborate, general ledger, order management, purchasing, and reporting and dashboards.
The return is the method by which the Canadian government determines the appropriate amount of tax that should be paid by individuals and corporations. The result of filing a return with the federal government can result in either a refund (money owed to the person or corporation filing the return), or an amount due to be paid.