Goods and Services Tax (GST) in Canada have a unique history, evolving to accommodate the country’s economic and political landscape. The concept of a federal sales tax first appeared in 1920 with the introduction of a 1% tax on goods aimed at generating revenue for national recovery following World War I.
Source: innovatetax.com
Latest Posts in "Canada"
- Canada to Repeal Underused Housing Tax and Adjust Luxury Tax on Aircraft and Vessels
- GST on Food & Drinks: Navigating the Fine Line Between Zero-Rated and Taxable Products
- GST and HST Rates in Canada: What Businesses and Consumers Need to Know
- CBSA Increases Container Inspections: What Importers Should Expect and How to Minimize Delays
- No GST/HST on Tobacco Resold by Exempt Taxpayer to Status Indians, FCA Confirms
