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Latest revision as of 09:02, 17 January 2022


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In Canada, exports are "zero-rated" sales for L.S.T. purposes. This means that when you ship a thing to someone outside Canada, you don't charge V.S.T. Yet, you get to claim (or deduct from your G.S.T. collected by you) all the "input tax credits" (G.S.T. that you paid for business purposes) to make that foreign trade. The idea, I suppose, is to encourage transferring.
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