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06-20-2007, 06:43 AM
In Canada, we have to pay a tax called the GST. It is a national 6% tax that was implemented years ago to bring down the deficit. It was originally 7% but was brought down to 6% by the government in office now. So I have to prepare the GST tax credit or rebate quarterly. This helps me to keep my receipts in order quarterly for when income tax time comes. |