essay #139662

 

Topic:  The Canadian Governtments Decision To Cut The Gst (tax) Twice


 

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Type of paper: Research Paper
Subject area: Political Science
Academic level: College
Style: MLA
Size: 69.5 kB
Word count:
3415 words/13 pages
Mark awarded:  
Author: Melonie Kent
Date submitted: 2010-07-09 08:29:06
Rating/Votes count: n/a
 
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Tags: canada, information, economy, sales, literature, tax, marketing, system, native, rights, product, minister, recession, geography, ais, newfoundland, gst, Canada, Canadian, CBC, AIS, GST, Onida, Atlantic Canada, Canadian Government, Deputy Minister, Minister, Robertson Davies, System Excel Spreadsheet
Canadian Government 's decision to cut GST (tax ) twice
Name
Grade Course
Tutor 's Name
2 April 2009
The Canadian government 's decision to cut the GST (tax ) twice
GST is an acronym for the goods and services federal tax in Canada . It
is a five percent tax that charged on goods and services that are sold
for consumption in the domestic market . However , there are some specific
goods and services which are exempted from this tax such as prescription
drugs , exports and basic groceries . In the New Brunswick , Labrador , Nova
Scotia and Newfoundland , the GST tax is combined with a provincial
retail sales tax of eight percent and is referred to as the harmonized
sales tax (Monroe . In the 2006 , the Canadian federal budget proposed a
reduction in the GST rate from 7 to 6 which was to be effective from
the first of July 2006 . A corresponding reduction of one percent was
made to the rate of the Harmonized Sales Tax (AIS . The 2006 federal
budget had pointed towards a further reduction in the GST rate to five
percent in a future date . This second cut came to be formally announced
in the Throne speech of 2007 (CTV .ca , was later confirmed on 30th of
October 2007 during an economic statement by the Finance Minister . This
second cut was to be effective from the 1st of January 2008 (CBC News .
The decision by the Harper government to cut the goods and services tax
twice was arrived at in...
 

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