Question

what is hst?

explain​

Answer 1

Answer:

The HST is a consumption tax paid by the consumer and businesses at the point of sale (POS). The vendor collects the tax proceeds by adding the HST rate to the cost of goods and services, and then remits the collected tax to the Canada Revenue Agency (CRA), the tax division of the federal government.

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Answer 2

Answer:

The harmonized sales tax (HST) is a consumption tax in Canada. It is used in provinces where both the federal goods and services tax (GST) and the regional provincial sales tax (PST) have been combined into a single value added sales tax.