Is there VAT in Canada?

When it comes to taxes, there are plenty that we pay in Canada. To just mention a few: property taxes, income tax and sales tax. On most items that you sell, purchase or earn, there is tax involved. That being said, these taxes don’t only occur in Canada, but all over the world. While all of these taxes are similar, some of them do go by different names. One of these taxes is sales tax, also known in many places as VAT or Value Added Tax. In Canada, we don’t call it VAT though. In Canada, our federal sales tax is called GST (Goods and Services Tax). Our provincial sales taxes are known as PST (Provincial Sales Tax) or QST (Quebec Sales Tax). Some people also refer to these as consumption taxes.