Goods and Services Tax (GST)
A) is a value added tax.
B) is a sales tax charged by each province on all taxable goods.
C) in some provinces, is an income tax.
D) must be collected by all businesses in Canada.

Question

Quizplus · Accepted Answer

GST is a value added tax, which means it is charged on the value added at each stage of production or distribution of a good or service. It is not solely a sales tax, as it is charged on both goods and services, and it is not an income tax. All businesses with a certain level of revenue are required to register for GST and collect it on behalf of the government.