Timeline for Why was charged less than I was supposed to?
Current License: CC BY-SA 4.0
12 events
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| Jul 5 at 2:59 | comment | added | Greg Schmidt | @Chris W. Rea I can't speak to the Canadian experience, but I've bought online from Chinese merchants (using AliExpress, etc) for delivery to my home in Australia. Several years ago, the Chinese merchants started adding 10% to the purchase price, specifically to cover the 10% Australian Goods and Services Tax. I think that it's entirely possible that Canada has also started to force overseas merchants to remit GST to the Canadian authorities. | |
| Jul 3 at 2:39 | history | edited | Chris W. Rea |
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| Jul 3 at 2:38 | comment | added | Chris W. Rea | You should speak to an accountant if you're going into business. | |
| Jul 3 at 2:38 | comment | added | John Doe | I'm new to the realm of finance, but it seems I didn't pay taxes on it? And yes, the tax is GST. | |
| Jul 3 at 2:38 | comment | added | Chris W. Rea | What is the name of the tax? GST? If the seller isn't in Canada, you're probably not paying any such tax at all. | |
| Jul 3 at 2:37 | comment | added | John Doe | The 5% is the tax I have to pay for the province I live in | |
| Jul 3 at 2:35 | comment | added | Chris W. Rea | You probably didn't pay any Canadian taxes yet. A Chinese company in Hong Kong isn't likely to be collecting Canadian taxes. What tax do you expect to have paid that is set at 5%? The extra charged in conversion from USD to CAD was most likely a foreign exchange fee charged by your credit card. Most cards charge an extra amount on top of the current exchange rate. It can be 2.5%, give or take. | |
| Jul 3 at 2:14 | history | edited | John Doe | CC BY-SA 4.0 |
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| Jul 3 at 2:06 | history | edited | John Doe | CC BY-SA 4.0 |
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| Jul 3 at 1:57 | history | edited | John Doe |
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| S Jul 3 at 1:51 | review | First questions | |||
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| S Jul 3 at 1:51 | history | asked | John Doe | CC BY-SA 4.0 |