HST Is Reality --- Reality Bites (For Many)
Today is July 1, 2010 and Ontario and British Columbia have implemented the harmonized sales tax. Nova Scotia has raised their HSt rate from 13% to 15%. The HST will cost consumers more.
Businesses that are engaged in "commercial activities" and are registered for GST/HST purposes will recover GST/HST paid in connection with the business (with the exception of items that are subject to the recaptured ITC rules). Another important exception is that ITCs will be denied by the CRA if you do not maintain or receive the proper documentation or information from suppliers.
I will continue to blog about these important issues. Today, I am going to give the links to a number of articles/opinions written about the implementation of HST:
- HST’s Canada Day gift? Higher gas prices
- Fear and loathing of HST
- The 13 per cent harmonized sales tax has arrived
- HST raises prices ion Ontario, BC
- Canada Day gift in Ontario and B.C.: a new tax
- The HST is Here
- Oh crap! They're charging HST on fireworks!
- Gas stations get fill of HST gripes
Consumers express their anger at the pumps - B.C. restaurants brace for HST effects
- Windsor Star Editorial: HST Blues
The debate isn't over yet - Canadians wrestle with new tax structure
- HST guidelines perplex grocers and consumers
- B.C. grocers baffled by HST
Please send us additonal links to articles.opinions.
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax
