What is Canada`s sales tax?
Canada's sales tax is a combination of two taxes: the Goods and Services Tax (GST) and the Provincial Sales Tax (PST). The GST is a federal tax that applies to most goods and services in Canada. It is currently set at 5%. The PST is a provincial tax that applies to most goods and services in each province. The rate of PST varies from province to province, ranging from 0% to 10%.
In some provinces, the GST and PST are combined into a single tax called the Harmonized Sales Tax (HST). The HST rate varies from province to province, ranging from 13% to 15%.
In addition to the GST and PST, some provinces also have additional taxes that apply to certain goods and services. For example, in British Columbia, there is an additional 7% provincial sales tax on certain items such as alcohol, tobacco, and gasoline.
The total sales tax rate in Canada varies from province to province. For example, in Ontario, the total sales tax rate is 13%, while in Alberta, the total sales tax rate is 5%.
In general, the sales tax rate in Canada is higher than in the United States. This is because the United States does not have a federal sales tax, and the sales tax rate in each state is much lower than in Canada.
Overall, Canada's sales tax is a combination of the GST, PST, and any additional provincial taxes that may apply. The rate of sales tax varies from province to province, and the total rate can be quite high in some provinces.
In some provinces, the GST and PST are combined into a single tax called the Harmonized Sales Tax (HST). The HST rate varies from province to province, ranging from 13% to 15%.
In addition to the GST and PST, some provinces also have additional taxes that apply to certain goods and services. For example, in British Columbia, there is an additional 7% provincial sales tax on certain items such as alcohol, tobacco, and gasoline.
The total sales tax rate in Canada varies from province to province. For example, in Ontario, the total sales tax rate is 13%, while in Alberta, the total sales tax rate is 5%.
In general, the sales tax rate in Canada is higher than in the United States. This is because the United States does not have a federal sales tax, and the sales tax rate in each state is much lower than in Canada.
Overall, Canada's sales tax is a combination of the GST, PST, and any additional provincial taxes that may apply. The rate of sales tax varies from province to province, and the total rate can be quite high in some provinces.
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