Ontario Has Passed HST Implmenting Legislation
The "Jaws" theme is playing in the background ....
In December 2009, the formal steps were taken to pass the harmonized sales tax ("HST") implementing legislation in the Ontario Legislature.
Ontario proposed in the 2009 Budget that, effective July 1, 2010, Ontario’s retail sales tax (RST) will be replaced with the HST. The HST will have a combined sales tax rate of 13 per cent (combining the existing five per cent federal goods and services tax (GST) and an eight per cent Ontario component). The HST will be administered by the Canada Revenue Agency. All businesses currently registered for GST will automatically be registered for the Ontario HST on July 1, 2010.
On December 9, 2009, the Ontario Legislature, Bill 218 "Ontario Tax Plan for More Jobs and Growth Act, 2009" passed third reading and is law. passage occurred despite attempts by the official opposition, the Ontario Progressive Conservative Party, Opposition Leader Tim Hudak and HST Critic Lisa MacLeod to stop the bill.
Bill 218 implements the "Comprehensive Integrated Tax Coordination Agreement" between Ontario and the Federal Government and the original Memorandum of Agreement Concerning a Canada-Ontario Comprehensive Integrated Tax Co-ordination Agreement" between Ontario and the Federal Government, which started the HST plans in motion.
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax
As a non-resident company filing for a rebate with GST 189 form, which reason code do I have to use? Reason code 1 or 4?
Cyndee's response: please see post on September 7, 2011.