Are You Ready? July 23, 2010 is the Day of Your Last Regular ORST Return
On July 23, 2010 - TOMORROW - Is the day the last regular Ontario retail sales tax (RST) returns are due. Are you a vendor? Have you added up all the RST you collected in the period before July 1, 2010? Is your RST return ready to be filed? Have you written that last RST cheque? How are you going to celebrate?
Vendors must file their final RST return for reporting periods ending on or after June 30, 2010. The final RST return should be filed with the Ministry of Revenue on or before July 23, 2010. Some vendors may be required to file a supplemental RST return on or before the 23rd day of the following month. The final supplemental RST returns are to be filed by November 23, 2010.
Harmonized Sales Tax - Tax Tip 13 (June 2010) "Prepare for Ontario's HST: Final, Supplemental and Amended Retail Sales Tax Returns" provides more information on what you should do.
Cyndee Todgham Cherniak is counsel to and in affiliation with the International Trade Law and the Tax Law (Commodity Tax
