- Sales taxes in Canada
Every province except
Albertaimplements a Provincial Sales Tax or the Harmonized Sales Tax. The Yukon, Northwest Territoriesand Nunavutdo not have any type of regional sales tax. The federal GST rate is 5% effective January 1, 2008.
Harmonized Sales Tax
The Harmonized Sales Tax (HST) is used in certain provinces to combine the federal Goods and Services Tax (GST) and the Provincial Sales Tax (PST) into a single, blended, sales tax. Currently, there is a 13% HST in the provinces of
New Brunswick, Newfoundland, and Nova Scotia. The HST is collected by the Canada Revenue Agency, which then remits the appropriate amounts to the participating provinces,.
Provincial Sales Taxes
Separate Provincial Sales Taxes (PST) are collected in the provinces of
British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, and Prince Edward Island. Goods to which the tax is applied varies by province, as does the rate. Moreover, for those provinces whose provincial sales tax is applied to the combined cost and GST, provincial revenues decline or increase with respective changes in the GST.
* [http://www.cra-arc.gc.ca/menu-e.html Canada Revenue Agency website]
* [http://www.revenu.gouv.qc.ca/ Revenu Quebec website]
* [http://www.rsmrichter.com/downloads/pressreleases/Sales_tax_Espace_Magazine_E_June2007.pdf Article on Canadian real estate sales tax]
Wikimedia Foundation. 2010.
Look at other dictionaries:
Taxes in Canada — may refer to: *Sales taxes in Canada *Income taxes in Canada … Wikipedia
Sales taxes in the United States — are a tax added onto the price of goods or services that are purchased in the United States. A sales tax is a tax on consumption, which is displayed as a percentage of the sale price. Sales taxes are assessed by every state except Alaska,… … Wikipedia
Sales taxes — Taxe sur la vente Les taxes sur la vente ( sales tax ) sont des taxes appliquées notamment aux États Unis et au Canada. Il s agit d un impôt indirect sur la consommation prélevée au point d achat pour certains biens et services. La taxe est… … Wikipédia en Français
Income taxes in Canada — constitute the majority of the annual revenues of the Government of Canada, and of the governments of the Provinces of Canada. In the last fiscal year, the government collected roughly three times more personal income taxes than it did corporate… … Wikipedia
Fuel taxes in Canada — The tax on fuel in Canada can vary greatly between locales. On average, about one third of the total price of gas at the pump is tax. Excise taxes on gasoline and diesel are collected both federal and provincial governments, as well as by some… … Wikipedia
Motor fuel taxes in Canada — Contents 1 Gasoline tax rates across Canada 2 Tax revenues 3 See also … Wikipedia
Sales tax — Cash register receipt showing sales tax … Wikipedia
sales tax — a tax on receipts from sales, usually added to the selling price by the seller. [1920 25] * * * Levy imposed on the sale of goods and services. A sales tax on the manufacture, purchase, sale, or consumption of a specific commodity is known as an… … Universalium
CANADA — CANADA, country in northern half of North America and a member of the British Commonwealth. At the beginning of the 21st century, its population of approximately 370,000 Jews made it the world s fourth largest Jewish community after the United… … Encyclopedia of Judaism
cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources … Universalium