- Anyone who bought, rented, or imported taxable goods had to pay a sales tax on that item. This applied to business owners buying or importing goods to resell or individuals shopping at a licensed vendor.
- All businesses were required to become licensed vendors within the provinces if they sold goods or services that could be taxed. Depending on how much of the tax a vendor collected, taxes had to be submitted monthly, quarterly or annually.
- If a vendor failed to turn in the payment due from the Provincial Sales Tax, the vendor had to pay interest to the Ministry of Finance. Another penalty incurred from a late or absent payment was the forfeiting of all commission accrued during that period of time.
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