How Will It Affect Group Insurance Premiums?
Both British Columbia and Ontario have entered agreements with the Federal Government with the intention to harmonize their provincial sales tax with the 5% GST.
The end result is that a single sales tax would apply to most goods and services in those provinces and be administered by the Federal Government’s Canada Revenue Agency and Canada Border Services Agency.
What is a HST?
The single sales tax, referred to as British Columbia Value-Added Tax (BCVAT)..
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