The goods and services tax (GST) is anindirect federal sales taxthat is applied to the cost of certain goods and services. The business adds the GST to the price of the product, and a customer who buys the product pays the sales price inclusive of the GST. The GST portion is collected...
Businesses do not collect the provincial portion (eight per cent) of the HST for: Qualified prepared food and beverages sold for a total of $4 and under Print newspapers Children's clothing and footwear Children's car seats and car booster seats ...
The bottom line is that the new changes withHST implementationin 2 days will not affect your purchase ofpads, tampons or reusable menstrual hygiene productsin Ontario. The current tax rate for feminine hygiene products are staying steady at 5% (the GST portion). Of particular interest to those ...
* While the Ontario tax rate for prepared foods and beverages under $4 is often said to be tax exempt, that is not correct. According to a GST/HST bulletin GI-064, businesses will get an instant point-of-sale rebate on the 8 per cent provincial portion of the HST. There are strict ...
Housing, stated on social media that his “government will work with Ottawa to ensure Ontario’s portion of the HST is removed from purpose-built rental housing as soon as possible.” However, the province has not yet released specific details officially confirming an “enhanced” Ontario N...