The GST/HST is a sales tax on supplies of most goods and services in Canada, as well as many supplies of real property and intangible personal property. Businesses are responsible for collecting and remitting the GST/HST they charge to clients and can generally claim input tax credits (ITCs) on GST/HST paid on purchases used in commercial activities.
For example, an accountant reviews the Goods And Services Tax (Gst) / Harmonized Sales Tax (Hst) to assess the company's financial health and prepare for tax season.
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