charging tax on money

[hopefulbidder0666]

Hello, I would like to know if it is ok to charge taxes on paper or coin money from Canada and USA. Thank you for your time.

[heidilynn0_3]

HI.. Its not ok to charge tax on any international sales , US or otherwise.

Its not ok for Canada unless you are registered with government agencies to collect.

[heidilynn0_3]

Think i misread your question.. if registered to collect on canadian sales for coins/paper , i would think yes.

I'm not an expert and do believe there is an exemption for some pure ie 24kt gold , pure silver. Why not call GST and ask.

[femmefan1946]

If you sell a loonie for one dollar, you can't charge sales tax on it.

If you sell it for $1.01 or for $0.99, then it stops being a coin and becomes a collectible piece and taxes are due.

BUT

Only sellers who are registered to remit taxes are allowed to collect them. The appropriate GST/HST/PST number should be on the invoice.