How To Reorganize Period And To Accommodate A Home-Based Business
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Canada has what you could possibly call a national sales tax or a price added tax (VAT). This Goods and Services Tax (G.S.T.) of 5 percent (as at January 1, 2008) is applicable to many Canadian matters.
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Not only is it critical discover out whether a taxable sale was stated in Canada or not, however where in Canada. Can was made (or deemed to be made) in any of the Harmonized Florida sales tax (H.S.T.) provinces (Nova Scotia, New Brunswick, and Newfoundland and Labrador), a higher, thirteen percent H.S.T. rate applies (as at January 1, 2008). This is simply because those provinces have allowed Canada collect their provincial sales taxes for folks.
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Since they paid the G.S.T., well worth the price think you should charge it again, an individual? "Wrong!", smiles the Cheshire dog. Since you are a registrant within Canada, you must charge and remit the G.S.T.
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