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The GST applies nationally. The HST includes the provincial portion of the sales tax but is administered by the Canada Revenue Agency (CRA) and is applied under the same legislation as the GST. The HST is in effect in Ontario, New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island.
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
In 1996, three of the four Atlantic provinces—New Brunswick, Newfoundland and Labrador, and Nova Scotia—entered into an agreement with the Government of Canada to implement what was initially termed the "blended sales tax" (renamed to "harmonized sales tax") which would combine the 7% federal GST with the provincial sales taxes of those provinces; as part of this project, the PST portion ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
The Indiana vs. Notre Dame matchup in the first round of the College Football Playoff is the most expensive ticket on StubHub, but it's Tennessee vs. Ohio State that's selling the fastest.
Gregory Peck played beloved father Atticus Finch in To Kill a Mockingbird, and according to his children, the Oscar-winning actor wasn’t too far off the mark in real life. “Of all the children ...
List of Canadian English dictionaries: Canadian Oxford Dictionary ISBN 0195418166; Collins Canadian Dictionary ISBN 0007337523; A Dictionary of Canadianisms on Historical Principles ISBN 0771519761; Gage Canadian Dictionary ISBN 0771519818; Houghton Mifflin Canadian Dictionary ISBN 0395296544; ITP Nelson Canadian Dictionary ISBN 0176065911