Shkolaremonta

The Global Newspaper Company

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In Canada, exports are “zero-rated” sales for L.S.T. purposes. This means anytime you ship a product to someone outside Canada, you don’t charge Grams.S.T. Yet, you get declare (or deduct from the G.S.T. collected by you) all the “input tax credits” (G.S.T. that you paid for business purposes) to make that ship. The idea, I suppose, is actually encourage dispatching.

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