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Goods and services tax (Canada) The goods and services tax (GST) (French: taxe sur les produits et services, TPS) is a multi-level value added tax introduced in Canada on January 1, 1991, by then-Prime Minister Brian Mulroney and his finance minister Michael Wilson.
TSP is a tax-deferred fund, which means the money contributed to the account is deducted right away from the persons taxable income, and the money in the fund isnt taxed until it is withdrawn at retirement, usually after age 59 1/2, which is a significant tax reduction. According to Army Maj.