HST
The tax tips presented, and the rates provided, are only applicable to the dates the tax tips are presented and updated and they may change at any time. Please use the tips for general information only and obtain professional advice and updates from Storoszko & Associates at 647 367-3477 or your professional tax advisor.
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Tax Tips - Business Tips: HST & Provincial Sales Tax
Harmonised Goods and Services Tax
Effective July 1, 2010 Harmonised Sales Tax replaced Provincial Sales Tax in Ontario and is charged at 13% of the selling price of specified goods with the exception that on certain goods, including food consumables, books and real property, the provincial portion of HST (8%) tax is not chargeable. As with GST, HST follows indentical rules for reporting and filing.
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