On Friday, the Federal and Quebec Governments signed a tax-harmonization deal that will give the province more than $2 billion.
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In August of 2011, the Governments of British Columbia held a referendum where the HST was overturned. On February 17, 2012, the Provincial and Federal Governments released transitional rules to guide businesses and consumers through the changeover to the Goods and Services Tax (GST ) and the BC Provincial Sales Tax (BC PST). The purpose of the transitional rules is to provide businesses and consumers with the technical guidelines to ensure the smoothest possible transition back to these two taxes.
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