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MichMan

(14,792 posts)
24. Just going by what I read
Thu Apr 3, 2025, 06:23 AM
Apr 3
Federal Goods and Services Tax (GST)

The GST is a federal tax levied at a rate of 5% on the supply of most property and services made in Canada. It is a value-added tax (VAT) applied at each level in the manufacturing and marketing chain. However, the tax does not apply to supplies that are zero-rated (i.e. taxed at 0%) or exempt. Examples of zero-rated supplies include basic groceries, medical and assistive devices, prescription drugs, feminine hygiene products, agriculture and fishing, and most international freight and passenger transportation services. Examples of exempt supplies include used residential real property and most health care, educational, and financial services.


https://taxsummaries.pwc.com/Canada/Corporate/Other-taxes

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Tariffs are more like a VAT... Wounded Bear Apr 2 #1
VAT are very common in Canada and throughout the EU. MichMan Apr 2 #3
There are NO VAT taxes in Canada. Simple ordinary sales tax pays for health care. Bernardo de La Paz Apr 3 #13
Just going by what I read MichMan Apr 3 #24
I think that is a US-centric, conserva-centric misinterpretation Bernardo de La Paz Apr 3 #25
Agreed, my point is broadly these are all the same thing. unblock Apr 2 #4
True dat, but... Justice matters. Apr 2 #5
I live in a country with a VAT Pototan Apr 3 #19
Just like all other taxes on businesses like income, property, and payroll taxes MichMan Apr 2 #2
HOWEVER, sales taxes and VAT's have to be passed by voters, whereas ... usonian Apr 3 #6
Good point. unblock Apr 3 #7
Red coats have become red hats under King Mucus and Been a Dick Arnold. . . . . nt Bernardo de La Paz Apr 3 #11
"T" should be dumped into Boston Harbor usonian Apr 3 #15
T for Teslas in Boston Harbour too. . . . nt Bernardo de La Paz Apr 3 #16
OK as long as sharks and batteries are on opposite coasts. usonian Apr 3 #20
Good one and good pic! . . . . . nt Bernardo de La Paz Apr 3 #22
The purpose of raising revenue with tariffs is to justify flamingdem Apr 3 #8
Yes. And Donnie also likes tariffs because they're completely in his control unblock Apr 3 #9
Which they shouldn't be if Congress would do their jobs... Wounded Bear Apr 3 #28
So far Argentina playing ball flamingdem Apr 4 #29
Tariff taxes are regressive Bernardo de La Paz Apr 3 #10
Eventually, the ordinary renter will have to cover the cost of that lumber and steel, unblock Apr 3 #14
They've wanted their flat tax forever. Seems like they are slipping it in under the wire. Hassin Bin Sober Apr 3 #12
Tariff taxes are regressive, not flat Bernardo de La Paz Apr 3 #17
You are correct. I was thinking more like national sales tax which is very regressive and closer to the tariffs. Hassin Bin Sober Apr 3 #18
It is exactly that, tariffs are a national sales tax. The price taxed is the entry value. . . . . nt Bernardo de La Paz Apr 3 #23
They've been really licking their chops for something, anything, really regressive to punish the useless eater poors. Hassin Bin Sober Apr 3 #27
Also announced now charging 30% on all foreign internet purchases wishstar Apr 3 #21
The way to deal with tariffs The Madcap Apr 3 #26
Latest Discussions»General Discussion»Tariffs are a sales tax a...»Reply #24