A provincial sales tax (PST)
registration may vary from province to province. In
Ontario, for instance a Vendor permit which carries
your provincial sales tax registration number, is
applied to the sale of most products and some
services. With the Ontario PST number, there is no
dollar amount figure about your annual gross sale as
in the case of the GST.
If you fall within the category in
which you should register, you would be required to
do so right from the beginning of your business.
Let’s say, you are selling shoes. As soon as you
register your business either as a corporation or as
a sole-proprietorship/partnership, you will have to
register for the PST, also known as Retail Sales Tax
(RST).
World stock markets advanced modestly Monday as investors rode momentum from Friday, when an upbeat U.S. jobs report eased fears that the global economy could slip back into recession.
European Union finance ministers are set to discuss the possibility of introducing a levy on banks and whether a tax on financial transactions could stave off another banking crisis when they meet in Brussels Tuesday.
U.S. President Barack Obama is asking Congress to approve at least $50 billion US in long-term spending on the country's roads, railways and runways in a pre-election effort to show he's trying to stimulate the sputtering economy.
