Canada has a national sales tax of 5 percent, and each province imposes its own sales tax on top of that. Provincial tax rates vary by province and the type of good you purchase. The national tax is called GST (general sales tax) and the combined national and provincial tax is called H...
For businesses making sales in Canada, there is goods and services tax (GST) to collect and remit. Here’s a guide on collecting GST in Canada, including how to register for an account, how to calculate and collect GST, and what to do when it’s time to file and remit. What’s ...
How to Prepare Corporation Income Tax Return for Business in Canada Watch Video Allan Madan, CPA, CA Mar 2, 2011 323 Comments If you need to prepare your corporation income tax return and plan to do so by yourself, Read More…Disclaimer The information provided on this page is intended to...
Quebec small businesses are required to register with Revenu Quebec to file taxes and collect returns. This application is necessary as long as a company exceeds the limitations of a small supplier. The form for theQSTis required before a business makes its first taxable sale. For the GST, a...
A goods and services tax (GST) number is a unique tax identification number assigned to a business by the Canada Revenue Agency (CRA). It's also known as a business number (BN), because, in addition to being used to collect, report and remit GST and harmonized sales tax (HST), it ...
business in Canadabut it is not.You can get this 5% back at the end of the year but you need to file for it (that's another topic but it's very easy to get this GST back). Almost every single Canadian business files to get back their GST at the end of the year and you ...
Huang, Chye-ChingSocial Science Electronic Publishingvan Klink, A. (2012). How to zero-rate the GST on food: best and worst practice from the United Kingdom, Canada and Australia. New Zealand Journal of Taxation Law and Policy 18, 276-302....
and Canada for years. If you were running that factory in Michigan, you would do everything in your power to limit your exposure to labor unions [source: Lemay]. The more union workers you hire, the greater your risk if they go on strike. And without the option to hire replacement ...
With the India-UK FTA on the verge of doing the same, it is time to consider how you could expand your business into the UK, namely England, Scotland and Wales – and it gets better. The government is also in talks for trade agreements with Canada, Russia and the ...
France was the first country to implement the GST in 1954; since then, an estimated 140 countries have adopted this tax system in some form or another.1Some of the countries with a GST include Canada, Vietnam, Australia, Singapore, United Kingdom, Spain, Italy, Nigeria, Brazil, and India...