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Goods and services tax (Canada) The goods and services tax (GST) (French: taxe sur les produits et services, TPS) is a multi-level value added tax introduced in Canada on January 1, 1991, by then-Prime Minister Brian Mulroney and his finance minister Michael Wilson.
To begin, the most important thing you can do is get familiar with what a Trust Fund Recovery Penalty means, why it happened and how you can get this situation taken care of. what is a trust fund recovery penalty? A Trust Fund Recovery Penalty (TFRP) involves the collecting of employment taxes by the IRS from the owners or corporate officers of a business that has failed to pay the employment taxes.