Coming Soon BDO Tax Bulletins — Ontario Harmonized Sales Tax
In its most recent budget, the Ontario government announced that it will harmonize the provincial sales tax (PST) with the federal GST on July 1, 2010. As a result the combined tax rate will be 13% (5% federal and 8% Ontario). Ontario’s share of the new harmonized tax will be collected by the Canada Revenue Agency. The change to a harmonized sales tax will affect businesses both small and large, and individual taxpayers.
The Ontario government has stated that additional details will follow in the coming months to help taxpayers and businesses prepare for the proposed changes. As well, you can look forward to the release of two separate BDO Tax Bulletins which will discuss the impact that the harmonized sales tax will have on businesses and public service bodies.
This is a publication of BDO Dunwoody LLP on developments in the area of taxation. This material is general in nature and should not be relied upon to replace the requirement for specific professional advice. The information in this document is current as of April 30th, 2009.
Comments and suggestions should be addressed to National Tax, by Fax: (416) 367-3912 or E-mail at info@bdo.ca. We invite you to visit our web site at www.bdo.ca to find out more about our firm and the offices near you. Or call us at 1-800-805-9544.
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© 2009 BDO Dunwoody LLP
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