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How will HST affect your business?

April 29, 2010 - Tags: Taxation

On April 1, 2013, B.C. eliminated the harmonized sales tax (HST) and returned to a provincial sales tax (PST) system.

Istock 000000696474xsmallOn July 1, 2010, British Columbia and Ontario will join Nova Scotia, New Brunswick and Newfoundland and Labrador as participating provinces that issue harmonized sales tax (HST), which combines provincial sales tax with the federal goods and services tax (GST).

Whether you operate your business in one of the five participating provinces, or you do business with companies located in HST provinces, you'll need to know exactly how these taxation changes will affect you.

Canada Revenue Agency has a general information page that covers many aspects of HST, including sections on HST-exempt products and services, importing/exporting and buying or selling a business. There is also a new section devoted to Ontario and British Columbia to help you get HST ready.

If you're looking for more province-specific information, each participating province has a webpage devoted to GST/HST:

To learn more about federal and provincial taxes and to find general information about how they relate to your business, check out Taxes, GST/HST.

Comments

taux de la TVH à l’Ile-du-Prince-Édouard au 1er juillet 2010 sera de ??????

By Micheline on June 29, 2010

Bonjour Micheline,

L’Île-du-Prince-Édouard ne participe pas à  l’initiative de la taxe de vente harmonisée (TVH), donc il n’y a aucun changement prévu pour le 1er juillet 2010.

Comme mentionné dans le blogue, ce sont les provinces de l’Ontario et la Colombie-Britannique qui embarqueront le premier juillet. Les provinces déjà  participantes sont le Nouveau-Brunswick, la Nouvelle-Écosse et Terre-Neuve-et-Labrador.

Selon Island Information (http://www.gov.pe.ca/infopei/index.php3?number=1010944&lang=F) en anglais seulement, la taxe de vente provinciale (TVP) est de 10 %  à  l’Île-du-Prince-Édouard, et la taxe sur les produits et services (TPS) est de 5 % comme partout au Canada.

By Canada Business on June 30, 2010

How does the Government claim that jobs are being created as a result of the new HST when in fact existing jobs such as my own are being undermined as a result of layed off workers doing cash jobs and I have to charge 13% labor. I have operated a Plumbing business for twelve years and now the phones have basically stopped ringing, most feed back I get is the handy Man can do it for less. Seriously did anyone in Government think about how much labor is going to be paid in cash?

By Gord on July 20, 2010

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