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PST Exemption for Business Assets upon Rollover
March 1st, 2018
RST (Retail Sales Tax) and PST (Provincial Sales Tax) are the same thing. Businesses with taxable sales and services are required to register with the Manitoba Taxation Division and collect and remit RST. Generally, RST is applicable on all goods or services unless there is an exemption. One notable exemption is on a rollover of assets between related parties. This means that if you are… Read More »
