[Verse 1] In Canada's constitution lies the power to tax Federal sales tax authority, that's the legal facts The Excise Tax Act is the law that sets the stage For GST and HST collection on every page [Chorus] Five percent GST across the nation wide HST combines provincial tax inside Collect, remit, and claim your credits right Input tax credits make your burden light [Verse 2] Harmonized sales tax in provinces that play Atlantic Canada and Ontario's way Single tax, single return, makes it clean Provincial component built into the regime [Chorus] Five percent GST across the nation wide HST combines provincial tax inside Collect, remit, and claim your credits right Input tax credits make your burden light [Verse 3] When you're a registrant, duties come to call Collect the tax on sales, don't let any fall Remit what's owed to government on time Input tax credits help reduce your dime [Bridge] Quick method for small business makes it simple and neat Percentage of sales, simplified and sweet Or keep full records if that's your choice Detailed accounting gives you stronger voice [Chorus] Five percent GST across the nation wide HST combines provincial tax inside Collect, remit, and claim your credits right Input tax credits make your burden light [Outro] Constitutional power, Excise Tax Act's the way GST and HST structure here to stay Registrant obligations, methods you can choose Master these foundations and you cannot lose
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