A: GST (Goods and Services Tax) is a federal tax that applies to most goods and services in Canada. PST (Provincial Sales Tax) is a tax that is applied by provinces and territories on certain goods and services. HST (Harmonized Sales Tax) is a combination of GST and PST that applies in certain provinces and territories.
A: No, there are certain exemptions and zero-rated items that are not subject to GST, PST, and HST. It is important to check with the Canada Revenue Agency (CRA) to determine what items are subject to tax.
A: In order to register for GST, PST, and HST, you must have a Business Number (BN) and register for a GST/HST account with the CRA. The registration process can be done online or by mail.
A: Yes, you can claim input tax credits for GST, PST, and HST that you paid or owe on purchases and expenses related to your commercial activities. This can help reduce the amount of GST, PST, and HST you need to remit to the CRA.
A: Yes, there are a few tax-saving tips for GST, PST, and HST:
A: Yes, you can claim GST, PST, and HST on goods and services exported from Canada. You can also claim GST, PST, and HST on goods and services that you purchase to export.
A: Yes, there are penalties for not charging GST, PST and HST, including fines and interest. It is important to comply with all tax laws and regulations.
Please remember that this is general information and you should always double-check with the Canada Revenue Agency (CRA) for the most up-to-date information and for any specific questions you might have.
GST and HST provincial rates since July 1, 2010. The rate charged is determined by several factors, including:
Province | On or after October 1, 2016 | July 1, 2016 to September 30, 2016 | April 1, 2013 to June 30, 2016 | July 1, 2010 to March 31, 2013 | January 1, 2008 to June 30, 2010 |
---|---|---|---|---|---|
Alberta | 5% | 5% | 5% | 5% | 5% |
British Columbia | 5% | 5% | 5% | 12% | 5% |
Manitoba | 5% | 5% | 5% | 5% | 5% |
New Brunswick | 15% | 15% | 13% | 13% | 13% |
Newfoundland and Labrador | 15% | 15% | 13% | 13% | 13% |
Northwest Territories | 5% | 5% | 5% | 5% | 5% |
Nova Scotia | 15% | 15% | 15% | 15% | 13% |
Nunavut | 5% | 5% | 5% | 5% | 5% |
Ontario | 13% | 13% | 13% | 13% | 5% |
Quebec | 5% | 5% | 5% | 5% | 5% |
Prince Edward Island | 15% | 14% | 14% | 5% | 5% |
Saskatchewan | 5% | 5% | 5% | 5% | 5% |
Yukon | 5% | 5% | 5% | 5% | 5% |
These are the links to some popular tax filing software sites in Canada where you can find more information about the software, pricing and their features.