Canada — Historical Events Description

Canada flag
Canada
Event
Goods and Services Tax (GST) Introduced
Category
Economic
Date
1991-01-01
Country
Canada
Description

Canada introduced the Goods and Services Tax (GST), a federal value-added tax. The GST replaced the older Federal Sales Tax (FST), which had been in place since 1924. The change reshaped how federal consumption taxes were collected and how businesses handled sales taxes. It was a major economic and political issue at the time because it affected prices and tax visibility for consumers.