Recent BDO Tax Publications on Harmonized Sales Tax
As highlighted in the previous edition of the Tax Factor (2009-02), Ontario will be harmonizing its provincial sales tax (PST) with the federal goods and services tax (GST) on July 1, 2010 for a combined harmonized sales tax (HST) rate of 13% (5% federal and 8% Ontario). On July 23, 2009, the British Columbia (B.C.) government announced its intention to also eliminate its existing PST and introduce an HST regime with the federal GST on July 1, 2010, the same day as Ontario. B.C.’s HST will be 12% (5% federal and 7% B.C.).
We have published two separate BDO Tax Bulletins to discuss the impact that the Ontario and B.C. HST will have on businesses:
To obtain a copy of either of the above publications, contact your BDO advisor or visit the BDO Library area of www.bdo.ca.
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