Top 5 Credit Misconceptions

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Not only is it critical establish whether a taxable sale was stated in Canada or not, but also where in Canada. Whether it was made (or deemed to be made) in most of the Harmonized Sales tax (H.S.T.) provinces (Nova Scotia, New Brunswick, and Newfoundland and Labrador), a higher, thirteen percent H.S.T. rate applies (as at January 1, 2008). This is mainly because those provinces have allowed Canada to recover their provincial sales taxes for them.

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