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Generation-Skipping Trust (GST): Definition and How It's Taxed
The GST Tax Exemption GSTs still serve as tools ... The exemption level is indexed for inflation, meaning these numbers have increased each year. The 40% top tax rate remains in place.
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A full GST exemption on life insurance premiums could mean more expensive premiums for policyholders. Here’s why?
Additionally, GST exemption on renewal premiums (for policies ... Hence, they may charge this to the end consumer, meaning potentially a higher premium payable at the hands of the end policyholder.
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What the GST holiday means for consumers — and why some economists are worried
In addition to the GST holiday, the federal government plans ... A handful of economists, meanwhile, worry about what a spending rush will mean for the economy. Standing next to a wall of ...
Avoid piecemeal approach to GST shake-up
Experts emphasize that certain industries, such as real estate, automobiles, and hospitality, have been adversely affected by ...
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Harmonized Sales Tax (HST): Definition as Canadian Sales Tax
It combines the federal goods and services tax (GST) and sales taxes. Five provinces use the HST as of 2025. The HST was implemented in 1997 and is administered by the federal government.