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Small Business Tax Accounting

Canadian HST and GST: How do they affect you?

Everyone in Canada is familiar with being taxed on the purchase of goods and services. Depending on your jurisdiction, this extra amount required to be paid is known either as the goods and services tax (GST) or the harmonized sales tax (HST) (or, the QST in Quebec). However, if you own and operate a business in Canada, HST and GST have an additional meaning, which attaches additional obligations on the business owner.

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