Commercial Pilot Licence (CPAER) – Canada · Question
A business in British Columbia charges its customers 7% PST and 5% GST on eligible sales. Which of the following is true regarding these taxes?
British Columbia has separate PST and GST. Businesses collect 7% PST and remit it to the provincial government, and they collect 5% GST and remit it to the Cana
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Question: A business in British Columbia charges its customers 7% PST and 5% GST on eligible sales. Which of the following is true regarding these taxes?
Answer options:
- The business remits 12% HST to the CRA. ✅ The business remits 7% PST to the provincial government and 5% GST to the CRA.
- The business only remits 5% GST to the CRA, as PST is not a federal tax.
- The business keeps the PST as a provincial revenue source.
Correct answer: The business remits 7% PST to the provincial government and 5% GST to the CRA.
Explanation: British Columbia has separate PST and GST. Businesses collect 7% PST and remit it to the provincial government, and they collect 5% GST and remit it to the Canada Revenue Agency (CRA).
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Question explanations
- What is the minimum visibility required for a commercial VFR flight in Class D airspace at or below 3,000 feet
- What is the minimum age requirement to hold a Commercial Pilot Licence in Canada?
- Scenario 1: A commercial pilot conducting an IFR flight in Canadian airspace must hold which of the following
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