Monday, September 14, 2009

We Know The Cost Of An Ice Cream Cone Will Go...WHAT ELSE?

Liberals close the door on PC candidate

What is the HST?

The harmonized sales tax (HST) applies in the following provinces (the "participating provinces"):

  • New Brunswick
  • Nova Scotia
  • Newfoundland and Labrador

GST and HST rules are basically the same. The HST rate is 13%, of which 5% is the federal component and 8% is the provincial component. Businesses registered for the GST are automatically registered for the HST, and must collect and remit the 13% HST on the taxable supplies (excluding zero-rated supplies) they make in participating provinces.

Supplies include

  • the supply, by way of sale, of tangible personal property;
  • the supply, by way of rental or lease, of tangible personal property; and
  • the supply of services, if all or substantially all (90%) of the service is rendered in a participating province.

No comments:

About Me

My photo
I lean to the right but I still have a heart and if I have a mission it is to respond to attacks on people not available to protect themselves and to point out the hypocrisy of the left at every opportunity.MY MAJOR GOAL IS HIGHLIGHT THE HYPOCRISY AND STUPIDITY OF THE LEFTISTS ON TORONTO CITY COUNCIL. Last word: In the final analysis this blog is a relief valve for my rants/raves.

Blog Archive