ONTARIO HARMONIZED SALES TAX (HST) MEMO SERIES:
HOW WILL THE HST AFFECT YOUR BUSINESS?
Starting July 1, 2010, Ontario will be an HST province and the GST rate of 5% will be replaced by the HST rate of 13%. There will no longer be any Ontario retail sales tax. The information included in this summary is based on legislation that has been passed.
ONTARIO HARMONIZED SALES TAX - CHARITIES AND NOT-FOR-PROFIT SECTOR
This memo gives an overview of key changes dealing with the Ontario HST from the perspective of charitable and not-for-profit entities.
ONTARIO HARMONIZED SALES TAX - HANDICAP FOR GOLF CLUBS AND GOLFERS
This season, golfers will be faced with one extra handicap – the new Ontario HST. The government has introduced transitional rules for HST that deal with transactions that straddle the July 1, 2010, implementation date. This memo outlines how the new HST rules affect green fees, multiple packages of green fees, annual dues, lifetime memberships, etc.
ONTARIO HARMONIZED SALES TAX - RESIDENTIAL BUILDERS
The CRA and Ontario Ministry of Revenue have released transitional rules related to the implementation of the HST. This memo addresses the HST rules that relate to the residential housing industry.
ONTARIO HARMONIZED SALES TAX - RESTRICTIONS ON INPUT TAX CREDITS FOR LARGE BUSINESSES
On February 1, 2010, the Ontario Ministry of Revenue released Information Notice No.5 which deals in detail with the temporary recapture of Input Tax Credits. This memo is a summary of the information provided in the Information Notice.
PLACE OF SUPPLY RULES FOR GST/HST
Major changes to the Place of Supply rules could potentially affect every taxpayer in Canada. This memo outlines the changes in the CRA's policy regarding the applicability of GST/HST.
OTHER PUBLICATIONS:
ARE YOU CLAIMING SR&ED INVESTMENT TAX CREDITS? THE FORMS HAVE CHANGED!
Effective for December 31, 2008 and later year ends, the Canada Revenue Agency (CRA) has redesigned form T661, which is used to report qualified Scientific Research and Experimental Development (SR&ED) expenditures for investment tax credits (ITCs).
AUTOMOBILES - Company/Employer vs. Individual
An outline of the benefits of using a company/employer-owned vehicle for business vs. using a personally-owned vehicle.
CHARITABLE DONATIONS
Outlines the various types of charitable donations and the associated tax benefits.
