Harmonized Sales Tax

Importance: 0.43

Website: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/menu-eng.html

Relevant Locations: Canada

Is a company: no

Is a proper noun: no

Notes: Canadian consumption tax.

Acronyms

  • HST

Definition of Harmonized Sales Tax

  1. A value-added consumption tax used in some Canadian provinces to replace the both the "Goods and Services Tax (GST)" and the "Provincial Sales Tax (PST)". The Two taxes are merged into a "Harmonized Sales Tax (HST)", which was once known in some provinces as a "Blended Sales Tax." The rules on what the HST is charged on differs from one province to the next, but generally, a PST is only charged on goods whereas the HST is charged on both goods and services.

Related Terms and Acronyms

  • Provincial Sales Tax (PST) Bank, Canada,
    • A sales tax collected by some Canadian provinces.
  • Sales Tax Bank,
    • Federal and / or provincial taxes that are applied to purchases.
  • Direct Tax Bank,
    • A tax that is paid straight to the government.
  • Provincial Harmonized Sales Tax (PHST)Acronym, Ottawa, Ontario, Canada,
    • Tax (TX) Bank,
      • A levy paid by an individual or entity that is collected by a government.
      Bank account transaction code.
    • Indirect Tax Bank,
      • A tax that is collected by a third party before being transferred to the government.
    • Goods and Services Tax (GST, GS) Bank, Canada,
      • A sales tax that applies in all Canadian provinces charged at 5% (as of 2012).
      Bank account transaction code.
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