Harmonized Sales Tax

The Harmonized Sales Tax is now effective as of July 1^st, 2010.

This change merges the previous 5% GST with the 8% PST to make the 13% HST.

How does the change to HST effect my business??

If your business was already registered for GST there is no further registration required. If you were not required to register for GST, than your business is not required to register for HST. Accounting, billing and invoicing systems, cash registers and point of sale systes, including web interfaces and automatic payments should all be modified to switch to HST and remove RST (Retail Sales Tax). To match the transitional rules implemented with the HST change, your budgets should remove the 8% RST cost from purchases after July 1st, 2010.

 

To learn more about your business and HST visit: ontario.ca/taxchange

If you have questions about how the HST changes will effect your business visit the website of the Ontario Ministry of Revenue or call 1 800-959-5525