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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.
Best Answer: T/T means telegraphic transfer, or simply wire transfer. It's the simplest and easiest payment method to use. T/T payment in advance is usually used when the sample and small quantity shipments are transported by air.s it's acknowledged, T/T payment in advance presents risk to the importer if the supplier is not an honest one. Letter of credit An irrevocable Letter of Credit is also an often used payment method.