12/05/2009
By The transition to the HST in Ontario
The Transition to the HST in Ontario
On October 14, 2009, the Ontario Ministry of Finance released Information Notice #3 (the "Ontario Notice") outlining the general transition rules in support of its implementation of the Harmonized Sales Tax (HST). The HST is scheduled to come into effect on July 1, 2010 subject to legislative approval.
Further details of how the HST will be implemented will be released in the coming months. It is expected that the complete policy and administrative details will be released by the end of March 2010.
The purpose of this bulletin is to briefly address particular issues and questions related to the transitional rules with the intention of illustrating how these rules may impact your business and to provide you with information on what you need to do to prepare your business for the implementation of the HST and the winding down of the current Provincial Sales Tax (PST).
Contents
Key Dates
When Does My Business Have to Charge the HST?
Harmonization Traps
Issues for Specific Industries
Summary
Read the full bulletin on the transition to the HST in Ontario
www.bdo.ca
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