| A | B |
|---|
| Sales Tax | Money collected on certain goods and services at the time of purchase and later remitted to the government. |
| Consumer | The person or organization that pays sales tax when purchasing taxable goods or services. |
| Remit | To send collected sales tax to the government according to requirements. |
| Taxable | Subject to sales tax. |
| Tax-Exempt | Not subject to GST/HST for the specific good or service. |
| Medically Necessary Healthcare Service | A healthcare service that is often tax-exempt for sales tax purposes. |
| Non-Medically Necessary Service | A service that may be taxable depending on the situation and office policy. |
| Goods and Services Tax (GST) | A federal sales tax that applies across Canada; the current GST rate in the module is 5%. |
| Canada Revenue Agency (CRA) | Canada Revenue Agency - agency that administers GST. |
| GST/HST Registered Business | A business registered to collect and remit GST or HST on taxable sales. |
| Input Tax Credit (ITC) | A credit that may allow a business to recover some tax paid on eligible business expenses. |
| Provincial Sales Tax (PST) | A sales tax charged by some provinces, separate from GST. |
| Harmonized Sales Tax (HST) | A combined tax that includes the federal GST and the provincial portion of sales tax. |
| Tax Amount | The sales tax charged on a purchase. |
| Tax Rate | The percentage used to calculate the tax amount. |
| Tax Amount Formula | Tax Amount = Price × Tax Rate. |
| Total Cost Formula | Total Cost = Price + Tax. |
| Subtotal | The cost before taxes are added. |
| Total | The full amount paid, including taxes. |
| Tax Calculation Error | An error in calculating or recording sales tax that can create bookkeeping problems. |
| Tax Reporting | Preparing records that show taxes collected or paid for reporting purposes. |
| Tax Audit | A review of records related to tax reporting and compliance. |
| Taxable Clinic Product | A product sold by a clinic that may be subject to sales tax. |
| Cosmetic Product or Service | An example of an item or service that may be taxable in a clinic. |
| Off-the-Shelf Aid | An unprescribed aid such as orthotics, braces, or compression stockings that may be taxable. |
| Retail Therapy Device | An item such as a massager, kinesiology tape, or TENS unit that may be taxable. |
| Over-the-Counter Supplement | A non-prescription supplement or herb that may be taxable. |
| Third-Party Medical Report or Form | A report or form prepared for a third party that may be taxable. |
| Taxable Purchase | A purchase such as office supplies, clinical supplies, equipment, software, or services that may include sales tax. |
| Office and Clinical Supplies | Examples of purchases that may include sales tax. |
| Annual Threshold | A threshold noted in the module where some products or services may become taxable if total value exceeds $30,000. |
| Tax Clarification | Asking for guidance when unsure whether tax applies to a service or product. |
| Sales Tax Recording | Entering subtotal, tax amount, and total correctly in financial records. |
