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When Should You Self-Assess GST?

Tax Question

When should you self-assess for GST and why?

Facts

Normally whenever a Canadian Corporation purchases goods, they are charged GST on the goods or services supplied if the goods are subject to GST. However, there are occasions when goods and services are brought into British Columbia from outside of Canada. In these cases, the GST is often not charged because the supplier is unaware of Canada’s tax regime and has no reason to charge GST. In these situations, Canadian corporations may be required to self-assess the GST.

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