Goods and Services Tax (Canada)
E911081
Goods and Services Tax (Canada) is a federal value-added tax applied to most goods and services purchased in Canada, implemented to replace the former manufacturers’ sales tax system.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
consumption tax
ⓘ
federal tax ⓘ value-added tax ⓘ |
| administeredBy | Canada Revenue Agency NERFINISHED ⓘ |
| appliesOn | sale price before provincial sales tax in non-HST provinces ⓘ |
| appliesTo |
imports into Canada
ⓘ
most goods and services purchased in Canada ⓘ |
| collectedBy | registered businesses ⓘ |
| combinedWith | provincial sales tax in harmonized sales tax provinces ⓘ |
| country | Canada ⓘ |
| creditedThrough | GST/HST credit ⓘ |
| doesNotApplyTo | most exports from Canada ⓘ |
| exemptExamples |
long-term residential rents
ⓘ
most educational services ⓘ most financial services ⓘ most health care services ⓘ |
| filingFrequency | monthly, quarterly, or annually depending on revenues ⓘ |
| forms | part of Harmonized Sales Tax (HST) ⓘ |
| hasCategory |
exempt supplies
ⓘ
taxable supplies ⓘ zero-rated supplies ⓘ |
| hasInputTaxCreditMechanism | true ⓘ |
| implementedBy | Government of Canada NERFINISHED ⓘ |
| introducedDuringGovernmentOf | Brian Mulroney NERFINISHED ⓘ |
| introducedOn | 1991-01-01 ⓘ |
| legalBasis | Excise Tax Act (Canada) NERFINISHED ⓘ |
| legislatedBy | Parliament of Canada NERFINISHED ⓘ |
| previousStandardRate |
6%
ⓘ
7% ⓘ |
| previousStandardRate6%EffectiveUntil | 2008-01-01 ⓘ |
| previousStandardRate7%EffectiveUntil | 2006-06-30 ⓘ |
| publiclyControversial | true ⓘ |
| reasonForIntroduction |
to broaden the tax base
ⓘ
to improve tax neutrality across sectors ⓘ to replace the manufacturers’ sales tax system ⓘ |
| registrationThreshold | small supplier threshold defined in Excise Tax Act ⓘ |
| remittedTo | federal government of Canada NERFINISHED ⓘ |
| replaced | Manufacturers’ Sales Tax (Canada) NERFINISHED ⓘ |
| scope | domestic consumption in Canada ⓘ |
| shortName | GST NERFINISHED ⓘ |
| standardRate | 5% ⓘ |
| standardRateEffectiveFrom | 2008-01-01 ⓘ |
| supportsProgram | GST/HST credit for low- and modest-income individuals and families ⓘ |
| taxBase | value added at each stage of production and distribution ⓘ |
| taxType | multi-stage non-cumulative tax ⓘ |
| zeroRatedExamples |
basic groceries
ⓘ
certain medical devices ⓘ prescription drugs ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.