Goods shipped to Canada are cause to undergo G.S.T. on importation. Such tax is often assessed at the border. But what if you are a Canadian registered for Grams.S.T., selling to a Canadian customer but your supplier set in a foreign country?
Let’s assume we’re trading the Eurodollar and america Dollar FOREX pair (EUR/USD). The first currency ultimately pair (EUR/USD) is called the base currency, which is the Euro in this case. The second currency is known as quoted currency (EUR/USD). In this example carry US Us dollar.
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