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BC is moving to a harmonized sales tax in 2010. As we find out more about it, we'll post the information here.
Preparing for July and the HST
 In preparation for the July launch of the HST, the Canadian Revenue Agency (CRA) has prepared some documents and established a reference website.
The documents are short and provide links to more information.
Transitional Rules for Housing and other Real Property
3-CRA_HST Resources_May 2010
4-Transitional Rules for Personal Property and Services
HST Stakeholder Article Place of Supply Rules June 2010
Recaptured Input Tax Credits RITCs and HST
Point of Sale Rebates June 2010
You can access the website through the following links:
English: http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-eng.html?bnr
French: http://www.cra-arc.gc.ca/gncy/hrmnztn/menu-fra.html?bnr
Are you HT Ready?
As you are aware, the province of British Columbia has announced its intention to harmonize the provincial sales tax with the federal goods and services tax (GST) on July 1, 2010.
The Canada Revenue Agency is taking steps to ensure businesses are aware of the harmonized sales tax in B.C. For example, they included an information piece in packages that were recently sent to GST registrants. The insert provided general information related to harmonization and informed business of where to find additional information.
The CRA has developed dedicated WebPages to provide information on the transition to HST which can be found at www.cra.gc.ca/harmonization. These pages contain the most current information relating to the transition to HST for Ontario and BC and are updated regularly as information is released. the B.C. page can be reached directly through this link.
The WebPages will include a listing of free information seminars being conducted throughout the province, with details about dates, times, locations and how to register. The seminars are entitled "The Proposed Transition to Harmonized Sales Tax - Information for Businesses." Please check the link regularly for a seminar near you.
Another source of information is the British Columbia Ministry of Finance which offers a number of resources, tax tips and information on the wind down of the RST on its web site. To find out more or sign up for its e-mail alerts, visit www.gov.bc.ca/hst.
The clock is ticking towards the HST
KPMG is kindly keeping track of the news about, and the time until the July 1 2010 Harmonized Sales Tax implementation. You can follow the clock and get more information about how it is all going to work at http://www.kpmg.ca/en/ms/pstgst/
BC Set to Harmonize its Sales Tax with the GST
- by BDO Dunwoody LLP
The purpose of this bulletin is to outline how harmonization will impact your business, and what you need to think about to prepare your business for its implementation.
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