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Provincial sales taxes or PST (French: Taxes de vente provinciale - TVP), levied by the provinces. Goods and services tax or GST (French: Taxe sur les produits et services - TPS) / Harmonized sales tax or HST (French: Taxe de vente harmonisée - TVH), a value-added tax levied by the federal government. The GST applies nationally.
The goods and services tax is defined in law at Part IX of the Excise Tax Act.GST is levied on supplies of goods or services purchased in Canada and includes most products, except certain politically sensitive essentials such as groceries, residential rent, medical services, and services such as financial services.
corporate taxes on behalf of all provinces except Quebec and Alberta. that portion of the Harmonized Sales Tax that is in excess of the federal Goods and Services Tax (GST) rate, with respect to the provinces that have implemented it. The Agence du Revenu du Québec collects the GST in Quebec on behalf of the federal government, and remits it ...
Quebec's high provincial taxes account for its budget surplus, although without equalization Quebec would have had a deficit. [28] Quebec residents pay the highest provincial tax in the country but the lowest federal tax. [41] Quebec residents pay 16.5% less federal income tax annually than other Canadian provinces due to the Quebec Abatement. [42]
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
On the other hand, Manitoba, Quebec and The Maritimes have the country's lowest per capita GDP values. In the face of these long-term regional disparities, the Government of Canada redistributes some of its revenues through unconditional equalization payments and finances the delivery of comparable levels of government services through the ...
Quebec has a de facto 14.975% HST: it follows the same rules as the GST, and both are collected by Revenu Québec. Advertised and posted prices generally exclude taxes, which are calculated at the time of payment; common exceptions are motor fuels, the posted prices for which include sales and excise taxes, and items in vending machines as well ...
Later still, QC evolved as the second two-letter non-punctuated abbreviation, making Quebec's abbreviation consistent with other provinces insofar as using letters solely from the name of the province, but not the word "province", as PQ did. [citation needed] New York State and New York City use QB to identify Quebec vehicle licence plates. [5]