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Myst 01-24-2006 03:21 PM

Quote:

Originally Posted by the Shemp
why do i pay 7% on a haircut? or an office rental? or a ticket to a hockey game?
what does that have to do with import/export?

the tax on manufacturers was 14%
by removing that, they needed a way to get that 14% somehow from taxes
7% became a goods tax, and 7 for services

directfiesta 01-24-2006 03:31 PM

Quote:

Originally Posted by Myst
the tax on manufacturers was 14%
by removing that, they needed a way to get that 14% somehow from taxes
7% became a goods tax, and 7 for services


The 7% Goods and Services Tax (GST) is a relatively new tax that came into effect in Canada on January 1, 1991. It replaced the out-dated 13.5% Manufacturers? Sales Tax (MST), which had been in effect since 1924.

http://canadianeconomy.gc.ca/english...y/1991gst.html

I use to get charged for that .I t was a real pain. GST is a more appropriate tax.


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