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Tax in Canada (GST) BY: Ranson Lai 2006 |
GST? GST, or Goods and Services Tax is a value added tax which exists in several countries, such as Australia, New Zealand, Singapore and of course Canada. As the name states, it is a 7% additional charge on most goods and services, the exceptions being a few essential services. GST was implented in Canada on 1989 by prime minister Brian Mulroney.
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History Significance For creating this tax, Brian Mulroney became the most hated prime minister in Canada. (despite the good GST has done, such as removing the MST, and creating a closer relation with the US. Critiques:
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Related
Articles / Links: Article #1: GST Introduced Article #2: Goods and Services Tax Article #3: Mulroney stacks Senate to pass the GST Article #4: Canadians to face more taxes with the new GST
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