[Verse 1] When supply chains cross provincial lines Three categories define the signs Taxable goods collect the full rate Standard HST at the gate Books and groceries, medicine too Each follows rules that much is true Classification determines fate Calculate before it's too late [Chorus] Taxable, exempt, or zero-rated Three buckets where supplies get weighted TEZ - remember these three keys Taxable earns, Exempt's tax-free Zero-rated claims input back TEZ will keep you on the track [Verse 2] Exempt supplies pay no tax at all Financial services heed this call Medical care and daycare slots Insurance policies, vacant lots No GST collected here But input credits disappear Businesses absorb the cost Recovery rights are fully lost [Chorus] Taxable, exempt, or zero-rated Three buckets where supplies get weighted TEZ - remember these three keys Taxable earns, Exempt's tax-free Zero-rated claims input back TEZ will keep you on the track [Bridge] Zero-rated seems like none But input credits can be won Basic groceries, exports flow Prescription drugs in zero's glow Collect no tax but claim it all This benefit won't make you fall [Verse 3] Mixed supplies need allocation Careful calculation across the nation Predominant use decides the fate Don't let misclassification wait Small suppliers watch the threshold Thirty thousand makes you bold Registration changes everything Classification rules take wing [Chorus] Taxable, exempt, or zero-rated Three buckets where supplies get weighted TEZ - remember these three keys Taxable earns, Exempt's tax-free Zero-rated claims input back TEZ will keep you on the track [Outro] When supplies cross your accounting desk TEZ will solve your classification test
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