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Tag Archive for Harmonized Sales Tax

Canadian Tax FAQs – Difference Between GST And PST

How does PST (Provincial Sales Tax) work and how is it different from GST (Goods and Services Tax)?

PST is a provincially levied retail sales tax that is generally applied to goods or services acquired for personal use in British Columbia, unless there is a specific exemption. GST is a federally levied value added consumption tax that is applied to the supply of most of the goods and services purchased in Canada. Read more

Canadian Tax FAQ – CRA Program Accounts

Grant Gilmour

The Canada Revenue Agency (CRA) has issued me a business number. Now what do I do?

In Canada, once a company is assigned a business number then it needs to request which type of program account it needs to be setup. There are five types of accounts:

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Canadian FAQ #202 – Difference Between PST & GST

Grant Gilmour

Tax Question:

How does PST work and how is it different from GST?

Facts:

PST (Provincial Sales Tax) is a provincially-levied retail sales tax that is generally applied to goods or services acquired for personal use in British Columbia, unless there is a specific exemption.

GST (Goods and Services Tax) is a federally-levied value added consumption tax that is applied to the supply of most of the goods and services purchased in Canada.

Read more

International FAQ #23 – Place of Supply

Grant Gilmour

Tax Question:

What is “Place of Supply” and how does that apply to sales taxes?

Facts:

Sales taxes can be confusing. In particular supplying goods or services across a country, province or state border.

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