What is the difference between QST and PST?

What is the difference between QST and PST?

The PST is a retail sales tax that is payable when a taxable good or service is acquired for personal or business use, unless a specific exemption applies. QST, which is calculated at a rate of 9.975% on the selling price excluding the GST.

What is the difference between GST and PST?

Goods and Services Tax (GST) is a 5% value-added tax levied by the federal government. That means these provinces charge a 5% sales tax on most goods and services. Provincial Sales Tax (PST) is a tax levied by certain provinces in addition to GST. The tax amount varies by province.

What items are exempt from PST?

Generally, goods such as basic groceries, prescription drugs, and healthcare services are exempt from both federal and provincial taxes, but some goods and services which are exempt from the federal GST/HST are not exempt at the provincial level and therefore subject to PST/RST/QST.

Is QST a PST?

What is Provincial Level Sales Tax? Provincial level sales tax is typically referred to as PST or as QST in the case in Quebec. British Columbia, Manitoba, Quebec, and Saskatchewan all impose a provincial sales tax that is separate and in addition to the Canada federal goods and services tax (GST).

How is QST calculated?

The most common consumption taxes for Québec residents are: the Québec sales tax (QST), which is calculated at a rate of 9.975% on the selling price excluding the GST.

Is QST refundable?

Employees of GST/HST and QST registrants may be entitled to a refund of the taxes paid on taxable expenses that are deductible in computing their employment income. Any refund has to be included in income in the year it is received by the employee or applied to reduce the cost of property if it relates to a property.

What does PST stand for tax?

Provincial Sales Tax
PST (Provincial Sales Tax) PST is a province-specific tax that is collected separately from the GST. In British Columbia and Saskatchewan, it is called simply PST; in Manitoba, the provincial tax is known as Retail Sales Tax (RST); and Quebec charges Quebec Sales Tax (QST).

Why does PST exist?

In computing, a Personal Storage Table (. pst) is an open proprietary file format used to store copies of messages, calendar events, and other items within Microsoft software such as Microsoft Exchange Client, Windows Messaging, and Microsoft Outlook.

What is PST for?

PST is a retail sales tax that is payable when a taxable good, software or service is acquired for personal use or business use, unless a specific exemption applies. The general PST rate is 7% (see PST Rates below). Note: PST is different from the federal goods and services tax (GST).

What is PST self assessment?

In most provinces, provincial sales tax applies to the taxable goods and services you purchase or lease for use in your business, even when purchased or leased from out-of-province and out-of-Canada suppliers.

What does QST apply to?

Taxable supplies are charged 5 percent GST and 9.975 percent QST and include sales of new residential facilities, gasoline and cars, hotels, clothing, and food and beverages, among others. Quebec small businesses are required to register with Revenu Quebec to file taxes and collect returns.

What is the QST rate?

9.975%
the Québec sales tax (QST), which is calculated at a rate of 9.975% on the selling price excluding the GST.

What’s the difference between GST and PST in Canada?

PST is a province-specific tax that is collected separately from the GST. In British Columbia and Saskatchewan, it is called simply PST; in Manitoba, the provincial tax is known as Retail Sales Tax (RST); and Quebec charges Quebec Sales Tax (QST).

Where can I get the digital edition of QST?

If you are having difficulty logging into the digital formats, please visit the Member Support page for login assistance. Get the digital edition of QST on your Android device. Get the digital edition of QST on your iPad, iPhone, or iPod touch.

Where can I find the current issue of QST?

Click here to view the current digital QST issue. Click here for a sneak peek at what is in the current or upcoming issue. To access issues from January 2012 to the present, open the current digital QST and then click on the Archive icon in the upper right corner.

How are the GST and QST calculated in Quebec?

the goods and services tax (GST), which is calculated at a rate of 5% on the selling price; and ; the Québec sales tax (QST), which is calculated at a rate of 9.975% on the selling price excluding the GST. The GST and QST are collected on the sale of most goods and services.