Canada's GST: Streamlining Tax Collection and Boosting Economy with Value-Added Tax on Goods and Services.

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....Canada's Goods and Services Tax (GST) is a value-added tax applied to most goods and services, aimed at streamlining tax collection and enhancing the economy. It simplifies the taxation process by consolidating various sales taxes into a single tax, thereby reducing administrative burdens and improving compliance. The GST is designed to be a transparent and efficient system that helps boost economic activity by ensuring a consistent tax structure across the country. This approach not only facilitates trade but also provides a stable revenue source for the government.....