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The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST). Introduced at an original rate of 7%, the GST rate has been lowered twice and currently sits at rate of 5%, since January 1, 2008. The GST raised 11.7% of total federal government revenue in 2017–2018. [2]
Canadian residents and corporations pay income taxes based on their world-wide income. Canadians are in principle protected against double taxation receiving income from certain countries which gave agreements with Canada through the foreign tax credit, which allows taxpayers to deduct from their Canadian income tax otherwise payable from the ...
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 Canada Revenue Agency collects the Goods and Services Tax (GST) (the Canadian federal value added tax) of 5 per cent in all provinces. In Quebec, under an agreement with the federal government, Revenu Québec administers the GST to businesses, and administers Quebec's own Quebec Sales Tax (QST). The Goods and Services Tax was introduced in ...
Some people believed that the HST would generate significantly more revenue, because while the PST revenue was estimated at $5.083 billion for 2009/2010, several sources concurred and estimated a 5% GST revenue for British Columbia of about $5 billion (or a tax base at about $100 billion after the current GST exemption concerning the public ...
In 1950, Mr. Kingsland sold his interest in the company and CCH Canadian Limited became a wholly owned affiliate of Commerce Clearing House, Inc. In 1979, CCH Canadian acquired Formules Municipales Ltée (FM), a Quebec-based company which had been supplying forms and stationery requirements of the municipalities and school boards of Quebec ...
Constellation Software is a Canadian diversified software company. It is based in Toronto , Canada, is listed on the Toronto Stock Exchange , and is a constituent of the S&P/TSX 60 . The company was founded by Mark Leonard, a former venture capitalist , in 1995. [ 3 ]
This event sparked the formation of The Computing and Data Processing Society of Canada. In 1968, the society changed its name to the current Canadian Information Processing Society. In the mid-1980s, as the needs of information systems practitioners evolved, CIPS saw the need to develop a comprehensive professionalism program for the IT industry.