Tag Archives: Harmonized sales tax
Why is there HST on used furniture?
The harmonized sales tax is a value added tax. At each stage of production, the government collects taxes on the value added at that stage. Suppose, for example, a carpenter buys $10,000 worth of wood, makes it into furniture, and sells the furniture for $15,000. At a 12% tax rate, the carpenter pays $1,200 HST […]
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