PST is dependent on region This retail sales tax is charged when a good or service is purchased or acquired and is mandated by the provincial governments. The PST applies to both taxable and zero-rated items and is paid to the CRA. For provinces including British Columbia, Manitoba, Quebec,...
Group Name: TPS/TVQ Rebate Tax Name: TPS #1= 100 Tax Type: Sales Rebate Tax Name: TVQ #2 = 100% Rate: 13.955% (effective rate) Distribution Tax Name Use Tax % Rule Type Rebate Rebate Tax Name Tax Num Use Item Acc’t Desc. TPS 7 Base X X TPS (Offset) Cr TPS 1 TP...
PST rates vary between 7% and 12%. QST harmonized with GST on January 1, 2013 but is not considered HST. Quebec is NOT classified as a participating province. The total tax did not change as the new rate now consists of 9.975% = 9.5% x 1.05%. The QST now applies BEFORE GST. PST ...