yankeeinontario
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GST stands for Goods and Services Tax, and it is a federal tax that applies to most goods and services sold or provided in Canada. In Ontario, the current GST rate is 5%, which is added to the sale price of most products and services.
No, not all products and services in Ontario have GST included in their prices. Some items are exempt from GST, such as basic groceries, prescription drugs, and certain medical devices. Additionally, some businesses may be small suppliers and are not required to charge GST on their products and services.
If a product or service is subject to GST in Ontario, it will be listed on your receipt or invoice as "GST". You can also check the Canada Revenue Agency's website for a list of items that are exempt from GST.
No, the GST rate can vary in different provinces and territories in Canada. In addition to the federal GST rate of 5%, some provinces and territories also have a provincial sales tax (PST) or a harmonized sales tax (HST) that is added to the total price. In Ontario, the HST rate is 13% (combining the 5% GST and 8% provincial rate).
Yes, you may be eligible to claim a GST rebate in Ontario if you are a low-income individual or family, a First Nations individual, or a visitor to Canada. You can find more information on eligibility and how to apply for a GST rebate on the Canada Revenue Agency's website.