Tariff
A tariff is a tax on imported goods, charged at the border. You rarely see the word on a receipt. It still shows up in the price, because a business that pays more for steel, cars, or food often passes that cost on. Canada and the United States both use tariffs, including on each other’s goods. Sales tax is added at the register. A tariff has already done its work before the item hits the shelf.
Click Here for our lesson on How Canadian Taxes Impact Your Personal Finances
