Canada’s tax system operates in a very different fashion from the U.S. There are many reasons why taxpayers need to understand these differences and how Canada operates in regard to taxes.
Prince Edward Island Signs Agreement to Implement HST
Prince Edward Island (P.E.I.) and the Canadian government have signed an agreement stating that P.E.I. will implement the harmonized sales tax (HST) next year. The 14% HST is scheduled to take effect on April 1, 2013 and will replace the…