The New Ontario Harmonized Sales Tax (HST)
The New Ontario Harmonized Sales Tax (HST), an Update.
Starting on July 1, 2010, you'll see a new harmonized sales tax (HST) in Ontario. The 13% HST combines the 5% GST and the 8% PST into one tax to be collected by the federal government.
This is a big, important change that will make Ontario more attractive to businesses. And, these changes include a number of personal and business income tax cuts, credits and benefits that could affect you.
For more information/details on how these tax changes will affect you as individual, please follow the News Updates on the right hand column of this blog, or vist Ontario's page:
http://www.rev.gov.on.ca/en/taxchange/index.html
Watch this informational video (click on the play button) on the new Ontario HST explaining the details of this new tax structure: What you need to know about the New HST?
Starting on July 1, 2010, you'll see a new harmonized sales tax (HST) in Ontario. The 13% HST combines the 5% GST and the 8% PST into one tax to be collected by the federal government.
This is a big, important change that will make Ontario more attractive to businesses. And, these changes include a number of personal and business income tax cuts, credits and benefits that could affect you.
For more information/details on how these tax changes will affect you as individual, please follow the News Updates on the right hand column of this blog, or vist Ontario's page:
http://www.rev.gov.on.ca/en/taxchange/index.html
Watch this informational video (click on the play button) on the new Ontario HST explaining the details of this new tax structure: What you need to know about the New HST?
This update is presented for general information only, please consult your financial advisor on how this tax change will affect your specific financial situation.
Labels: harmonized sales tax, hst, HST Benefits, ontario hst, Ontario HST Tax Change, tax changes, tax planning
posted by laramaryann @ 4:09 PM
2 Comments:
Thanks for the link to the Revenue website and YouTube channel. If anybody wants to check tax changes on the go, there is a mobile app available at http://www.rev.gov.on.ca/hstmobile/
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