Getting A Strong Internet Marketing Foundation
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Published date: 2024/08/09
- Location: Ll53 4zn, Washington, D.C., United States
In Canada, exports are "zero-rated" sales for L.S.T. purposes. This means that when you ship a product to someone outside Canada, you don't charge F.S.T. Yet, you get to claim (or deduct contrary to the G.S.T. collected by you) all the "input tax credits" (G.S.T. that you paid for business purposes) to make that move. The idea, I suppose, is to encourage exporting.
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