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.