Hst how much bc

Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. These choices will be signaled globally to our partners and will not affect browsing data.

We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Fiscal Policy Tax Laws. Table of Contents Expand.

What Is the HST? Understanding the HST. Canadian Provinces and the HST. Registering and Collecting the HST. Exempted Goods and Services. Key Takeaways The harmonized sales tax HST is a combination of federal and provincial taxes on goods and services in five Canadian provinces.

The concept behind the HST was to streamline the recording and collection of federal and provincial sales taxes by combining them into a single, uniform levy across Canada. Critics argue the HST shifts the burden of taxation to consumers, but proponents of the tax say it ultimately benefits consumers by lowering costs. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

Town Square. Small business venture capital. Reporting and paying tax. Forms and publications. Sales tax credit. Legislation The following legislation applies to the sales tax credit. Income Tax Act B. Section 8. Children and family benefits You may be eligible to receive monthly payments to help with the cost of raising children. Climate action tax credit You may be eligible to receive the climate action tax credit.

Contact information Contact the Canada Revenue Agency with questions about your tax credit claims and refunds. Phone: Toll-free in Canada Contact us with your general questions about the tax credit. Copy Cancel. Did you find what you were looking for? Thank you for your response. Help us improve gov. Organizations A-Z.

Forms A-Z. You can find a comprehensive list here. See Source for more details. There are two types of exemptions for GST: direct exemptions and zero-rated goods and services. The difference is related to how businesses handle costs related to the exemptions, but as a consumer, you would not have to pay GST on items from either category. This amounts to This is almost double the amount Canada spends on national defence every year.