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Demystifying Canadian Sales Taxes: Understanding GST, HST and PST Impacts on Businesses

  • Canadian sales taxes include GST, HST, and PST
  • GST is a federal tax applied to most goods and services at a rate of 5%
  • HST is a combination of federal GST and provincial sales tax in certain provinces
  • Provinces that have adopted HST include New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, and Prince Edward Island
  • PST is a tax levied by individual provinces on goods and services, with rates varying by province
  • PST is not harmonized with GST and exemptions vary by province

Source: taxually.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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