Key HST Dates to Help With Preparation
There are a number of key dates in the time lines for harmonized sales tax (HST) in Ontario and British Columbia. I hope that these time lines help you prepare and organize yourselves.
Ontario
|
March 23, 2009 |
McGuinty Government announces plans to implement HST |
| After October 14, 2009 | Certain businesses and public service bodies may be required to self-assess and remit the provincial component of HST (=8%) |
| March 25, 2010 | Place of Supply Rules announced |
| May 1, 2010 |
GST registrants will begin to charge and collect HST for property and/or services to be delivered after July 1, 2010 (if not paid in full by April 30, 2010) Ontario businesses should be registered for GST/HST purposes Systems should be in place to record and track HST (collected and paid) and restricted input tax credits |
| Week of June 28, 2010 | To the extent possible, issue pre-HST invoices and reduce audit risk |
| July 1, 2010 |
HST Implementation Date (13% HST applies) Certain Ontario businesses will be required to file GST/HST returns electronically Businesses that are required to file GST/HST returns electronically should take steps to be ready |
| July 23, 2010 | Final Ontario retail sales tax return is due |
| August 31, 2010 | Any monthly GST/HST filer must remit HST collected between May 1, 2010 and July 31, 2010 |
| October 31, 2010 |
Any applicable Ontario retail sales tax must be paid by this date Any quarterly GST/HST filer must remit HST collected between May 1, 2010 and September 3, 2010 |
| November 23, 2010 | Final Ontario retail sales tax supplemental return is due |
British Columbia
|
July 23, 2009 |
Campbell Government announces plans to implement HST |
| After October 14, 2009 | Certain businesses and public service bodies may be required to self-assess and remit the provincial component of HST (=7%) |
| March 25, 2010 | Place of Supply Rules announced |
| May 1, 2010 |
GST registrants will begin to charge and collect HST for property and/or services to be delivered after July 1, 2010 (if not paid in full by April 30, 2010) BC businesses should be registered for GST/HST purposes Systems should be in place to record and track HST (collected and paid) and restricted input tax credits |
| Week of June 28, 2010 | To the extent possible, issue pre-HST invoices and reduce audit risk |
| July 1, 2010 |
HST Implementation Date (12% HST applies) Certain British Columbia businesses will be required to file GST/HST returns electronically Businesses that are required to file GST/HST returns electronically should take steps to be ready |
| July 23, 2010 | Final British Columbia social service tax return is due |
| August 31, 2010 | Any monthly GST/HST filer must remit HST collected between May 1, 2010 and July 31, 2010 |
| October 31, 2010 |
Any applicable British Columbia social service tax must be paid by this date Any quarterly GST/HST filer must remit HST collected between May 1, 2010 and September 3, 2010 |
| January 23, 2011 |
Final British Columbia social service tax supplemental return is due Vendors will be entitled to commissions re final British Columbia social services tax returns and supplemental returns filed before this date |
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax
