Choose a Canadian small business that operates in a province that collects PST and/or HST. a. What type of business is it? b. In which province is it located? c. What products or services does the business offer? Interview the owner or manager of the business to understand their experiences with the Canadian tax system and the impact of the GST, PST, and HST on their operations. a. What are the current GST, PST, and HST rates in the business's province? b. What is the total tax rate, including both federal and provincial taxes, for the business's products or services? Analyze the impact of the GST, PST, and HST on the business's pricing strategy. a. If a product or service costs $100 before taxes, how much will it cost after adding the total tax rate? Show your calculation. b. How does the business factor taxes into its pricing strategy? Evaluate the impact of the GST, PST, and HST on the business's financial performance. a. If the business sells 100 units of a product or service at the price calculated in question 3a, how much revenue will it generate before taxes? Show your calculation. b. How much tax will the business need to collect and remit to the government based on its sales? Show your calculation. c. What impact does the tax system have on the business's profitability? Discuss any challenges that the business has faced as a result of the Canadian tax system, including administrative burden and compliance costs. a. How does the business manage the administrative and compliance costs associated with the tax system? b. What steps has the business taken to mitigate these challenges? Conclusion: In conclusion, this case study has provided a basic understanding of the impact of the Canadian tax system, including the GST, PST, and HST, on a Canadian small business using basic math. You have shown how these taxes impact the business's pricing strategy and financial performance, as well as the challenges associated with the tax system. This case study has demonstrated how basic math skills can be applied in real-world business scenarios.