Tag: Taxes
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Understanding the GST, PST, and HST.
Foreign companies doing business in Canada should familiarize themselves with several tax terms – the Goods and Services Tax (GST), the Provincial Sales Tax (PST), and the Harmonized Sales Tax (HST). The GST is a 5% federal tax that applies to most Canadian goods and services. It was implemented in 1991, to replace the hidden Manufacturer’s Sales…
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GST, HST, and PST explained.
Foreign companies doing business in Canada should familiarize themselves with several tax terms – the Goods and Services Tax (GST), the Provincial Sales Tax (PST), and the Harmonized Sales Tax (HST). The GST is a 5% federal tax that applies to most Canadian goods and services. It was implemented in 1991, to replace the hidden…
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De minimis values, demystified.
Cross-border e-commerce has generated enormous economic opportunities for the global economy. Online sales have grown over the past few years, accelerating during the pandemic. Growth is expected to continue, fuelling cross border sales and a surge in e-commerce shipping – and it’s important for companies to be aware of (and understand) de minimis threshold value guidelines,…
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Tax diagnostic tool available for non-resident digital service providers.
Some new tax rules took effect in Canada on July 1 – and some non-resident businesses will need to take note. The good news is that a tool exists to help determine if your business is among those affected. As we posted earlier, non-resident vendors of cross-border digital services and products (including some accommodation platforms)…