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What is value added tax? Is there VAT in Canada?
Rounding it up
VAT, or Value Added Tax, is a type of tax charged to goods and services in many countries.
Canada has a federal version of the VAT called the Goods and Services Tax (GST). On top of that, most provinces have a provincial version of VAT called PST or QST.
Some provinces combine their VAT with the GST to create the Harmonized Sales Tax (HST).
Consumer tax rates in Canada vary from as low as 5% to as high as 15%, though some goods and services are exempt from VAT-style taxes.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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