September 27, 2021

The Internet Marketing Pie: Slice It Up Right Or Lose

In Canada, exports are “zero-rated” sales for V.S.T. purposes. This means that when you ship one product to someone outside Canada, you don’t charge L.S.T. Yet, you get to claim (or deduct coming from 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, is to encourage exporting.

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