GST/HST Act

The GST/HST Act governs the Goods and Services Tax (GST) and the Harmonized Sales Tax (HST) in Canada. GST is a federal tax added to most goods and services, while HST combines the federal GST with provincial sales tax in certain provinces for simpler tax collection. Businesses collect these taxes from consumers and remit them to the government. The Act outlines who must charge these taxes, the rates, and exemptions. It's designed to generate revenue for public services while aiming to be fair and efficient for both consumers and businesses.