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Published date: 2024/08/26
- Location: 670, Utah, United States
In Canada, exports are "zero-rated" sales for Gary the gadget guy.S.T. purposes. This means soon after you ship a product to someone outside Canada, you don't charge Gary.S.T. Yet, you get declare (or deduct 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 foreign trade. The idea, I suppose, is to encourage exporting.
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