Indirect taxes have a broad impact on businesses because they affect most transactions and because liabilities can result – regardless of whether or not profits exist. Other potential consequences include increased absolute costs and risk exposure as well as diminished cash flows. Harmonized sales tax (HST), goods and services tax (GST), provincial sales tax (PST), payroll taxes (such as CPP, EI and WSIB), and fuel taxes (federal and provincial) are examples of indirect taxes in Canada. International examples include US sales and transaction taxes and value -added tax (VAT) in the EU and other countries. Let BGD help you. The above taxes can have a significant influence on your business, so when developing tax strategy the impact of indirect taxes must be taken into account. Our tax professionals will use their knowledge and expertise to help you devise a tailor-made tax approach that will reduce costs and minimize risks for your organization.
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