HST (Harmonized Sales Tax)

The Harmonized Sales Tax (HST) is a consumption tax that combines the federal Goods and Services Tax (GST) with provincial sales taxes into a single, unified rate. It is applied to most goods and services purchased in provinces that have adopted the HST, making the tax process simpler for both consumers and businesses. The HST is collected by the federal government and then redistributed to participating provinces, helping fund public services like healthcare and education. It aims to create a consistent and efficient tax system across regions that have implemented it.