What is Canada's new tax law? Canada's new tax law review

Canada's new tax law will come into effect in July 2021, and will begin to tax online distance sales of goods.

Related Introduction:

Generally speaking, if the seller on the platform does not have a Canadian GST number, the platform will collect the corresponding GST/HST on behalf of the consumer when paying.

Independent website sellers are responsible for collecting taxes in Canada. They need to register a GST number in Canada, collect GST/HST taxes from consumers during payment, and then declare and pay taxes to the local tax bureau.

Key points: While applying for GST, independent website sellers can apply for an import license and business number in Canada, import goods under their own name, and then deduct the GST paid upon import when making GST/HST declarations.

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