Jun 13 2010
HST Coming to a Province Near You, on July 1st
For Ontario and British Columbia residents, we are going to have a uniform value-added tax HST on July 1st, 2010. By the government definition,
Generally, GST/HST registrants must charge and account for GST on taxable supplies (other than zero-rated supplies) of property and services made in Canada. However, where GST/HST registrants make taxable supplies (other than zero-rated supplies) in Canada, and those supplies are made in a participating province, they must charge and account for HST instead of GST.
This basically reads as more taxes will be added, transparently.
HST participating provinces by July 1, 2010 and their HST rates are:
| Nova Scotia | 13% |
| New Brunswick | 13% |
| New Foundland | 13% |
| Ontario | 13% |
| BC | 12% |