How will HST affect your business?
On 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:
- British Columbia
- New Brunswick
- Newfoundland and Labrador
- Nova Scotia
- Ontario (Link no longer active)
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.