October 19, 2009
Ontario and BC will implement a harmonized sales tax (HST) effective July 1, 2010 that will replace provincial sales taxes. New HST will be 13% in Ontario and 12% in BC. Both provincial governments have released information on the transitional issues for transactions occurring close to the implementation date, and PricewaterhouseCoopers has published a TAX MEMO on the transitional rules.
Click here for a pdf.