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 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,...
How to Calculate the GST Percentage Merchants in Canada are expected to charge GST. The amount of GST will depend on the province. TheGovernment of Canadastates that current GST percentage rates are 5 percent in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, ...
Under the current tax system, you can claim back the GST you’ve paid on all of your business expenses, but you can’t do the same for PST. As a result, goods have a “tax history†that has PST added at every step of the supply chain. These hidden ...