Things Children Can Teach Us About Business
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Canada has what might call a national sales tax or something added tax (VAT). This Goods and Services Tax (G.S.T.) of five percent (as at January 1, 2008) is applicable to many Canadian trades.
You won't know if you try. Assume you does *anything* - because perfect! You could be prepared to do it yet, do not set up mental blocks in elevate. You can create your own profitable items, sell them well, and have others selling them for you. You can operate a range of websites, even host seminars, or teach others still. YOU CAN.
Goods shipped to Canada are short sale G.S.T. on importation. Such tax usually assessed at the border. But what when you find yourself a Canadian registered for G.S.T., selling to a Canadian customer and your supplier is due to a foreign country?
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Not only is it critical uncover whether a taxable sale was earned in Canada or not, but also where in Canada. This was made (or deemed to be made) in any of the Harmonized 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 because those provinces have allowed Canada to accumulate their provincial sales taxes for people today.
