The HST is Here !
For those living in Ontario, the 13% HST came into effect on July 1, 2010.
What is the HST?
The HST is a more "modern, value-added tax" that is combined with the federal Goods and Services Tax (GST) to create a Harmonized Sales Tax (HST) for Ontario, effective July 1, 2010. The Provincial Sales Tax (PST) has been replaced by the HST.
The provincial portion of the HST is 8% and the federal portion is 5%, for a combined HST rate of 13% in Ontario.
The following Ontario Ministry of Revenue web site provides more information on the HST such as Eliminating Hidden Taxes, How the HST Works, What's Taxable under the HST and What's Not? and Your Questions Answered.
The Ontario Goverment web site also has information on tax benefits for Businesses, Consumers, Families, Farmers, Homebuyers, Public Service Bodies, Seniors, and Students.
For more information, the Toronto Reference Library and the North York Central Library have the following, two reference books:
Butcher, Rod. Value-added Taxation in Canada : GST, HST and QST. 2nd Edition. Toronto : CCH Canadian, c2003.
Heffernan, Joanne. GST/HST and Real Property in Canada. 3rd Edition. Toronto : CCH Canadian, c2008.
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