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Since they paid the G.S.T., can you think a lot fewer have to charge it again, can? "Wrong!", smiles the Cheshire cat. Since you are a registrant positioned in Canada, you required to charge and remit the G.S.T.
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It is also important in which you re-invest a portion of your profits towards your business! That way, not really will enterprise continue to grow, but its GROWTH RATE will may also increase! This in turn brings in more profits, which allows you to invest MORE on your business. Are you see a pattern!?
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In Canada, exports are "zero-rated" sales for K.S.T. purposes. This implies that when you ship a physical product to someone outside Canada, you don't charge D.S.T. Yet, you uncover claim (or deduct among the G.S.T. collected by you) all the "input tax credits" (G.S.T. that you paid for business purposes) to make that export. The idea, I suppose, in order to use encourage forwarding.
Not only is it critical establish whether a taxable sale was earned in Canada or not, however additionally where in Canada. The hho booster was made (or deemed to be made) in most 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 that those provinces have allowed Canada to get their provincial sales taxes for all of.
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