[Verse 1] Constitution splits the power clean between the federal crown Parliament takes sales taxation while provinces hold ground Excise Tax Act governs commerce flowing coast to coast GST at five percent hits transactions we need most [Chorus] Collect, remit, and claim your credits back GST HST keep the system on track Register when you hit thirty thousand sales Input tax credits tell the detailed tales Collect, remit, and claim your credits back [Verse 2] Harmonized provinces blend their rates into one stream Ontario thirteen percent makes the paperwork lean GST plus provincial tax combined into HST British Columbia separate still collects each fee [Chorus] Collect, remit, and claim your credits back GST HST keep the system on track Register when you hit thirty thousand sales Input tax credits tell the detailed tales Collect, remit, and claim your credits back [Verse 3] Registrants must gather tax on every taxable supply Monthly quarterly or annual remittance can't be shy Input credits offset taxes paid on business expense Claim back what you've already spent makes perfect sense [Bridge] Quick method simplifies the math for smaller enterprises Calculate on total sales minus the supplies Four percent for service trades and restaurants apply One percent for retailers keeps the numbers simplified [Chorus] Collect, remit, and claim your credits back GST HST keep the system on track Register when you hit thirty thousand sales Input tax credits tell the detailed tales Collect, remit, and claim your credits back [Outro] Excise Tax Act foundation Provincial cooperation Thirty thousand registration Tax credit calculation
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