Does my business have to collect sales taxes?

Author: Scalability | | Categories: Accounts Payable , Bill Payment , Bookkeeper , Cloud Based Bookkeeping , Digital Bookkeeping , Intuit QuickBooks , Payroll , QuickBooks Bookkeeping , Small Business Bookkeeping , Virtual Bookkeeping , Xero Bookkeeping

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The HST is applied in provinces that have harmonized their sales tax with the federal government’s GST. These provinces are New Brunswick, Nova Scotia, Newfoundland and Labrador, Ontario and Prince Edward Island.

GST is imposed on the sale of taxable goods and services, with the addition of a provincial sales tax or a retail tax. (There is no provincial sales tax in Alberta or in the three territories.)

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Original Article Source Credits: BDC , https://www.bdc.ca/

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Link to Original Article:  https://www.bdc.ca/en/articles-tools/money-finance/manage-finances/pages/small-business-taxable-revenues.aspx



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