Monday, 27 April 2009

Sales Taxes in Canada

In Canada it is widespread to add sales taxes to the price of goods and services. General goods and services taxes include:

1. Goods and Services Tax (GST)
GST is a tax for Government of Canada which is added to the price of goods and services. It is 5% of the value of goods or services.

2. Provincial Sales Tax (PST)
PST is added in most provinces of Canada and will range from an extra 7% to 10%. Nunavut, Alberta, Northwest Territories, and the Yukon do not have provincial or territorial sales taxes.

3. Harmonized Sales Tax (HST)
In some provinces of Canada, the GST is combined with the PST, and is called the HST.

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