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Effective July 1, 2010, the Harmonized Sales Tax (HST) replaced the 5% federal goods and services tax (GST) and the 8% retail sales tax (RST) on most goods and services in Ontario. Currently, the Harmonized Sales Tax is 13% in Ontario.
If your business makes $30,000 gross or more in four consecutive calendar quarters (a period of three months beginning on the first day of January, April, July, or October in each calendar year), you may need to charge GST/HST.
Note: The harmonized sales tax (HST) took effect July 1, 2010 and replaced the RST, with the exception of RST on certain premiums of insurance and benefits plans and RST on private purchases of specified vehicles. The Canada Revenue Agency (CRA) administers the HST.
First Nation individuals with a status card, bands and band councils of an Ontario First Nations reserve are eligible for a point-of-sale rebate from paying the 8% provincial portion of the Harmonized Sales Tax (HST) for qualifying off-reserve purchases.
This publication outlines the Retail Sales Tax and Harmonized Sales Tax exemption (8% Ontario portion only) and required supporting documents for vehicle transfers between related corporations, and corporations and shareholders.
Eligible First Nations people, bands, and band councils of an Ontario First Nations reserve may claim a rebate of the 8% provincial portion of the HST paid on qualifying goods and services purchased off-reserve.
The Ontario Business Registry (OBR) allows businesses and not-for-profit corporations to complete over 90 transactions online, including registering, incorporating, and updating their information. Log in through My Ontario Account.
TORONTO — The Ontario government is taking steps to remove the full eight per cent provincial portion of the Harmonized Sales Tax (HST) on qualifying new purpose-built rental housing in order to get more rental homes built across the province.
Before you sell a used vehicle, you need to: buy a Used Vehicle Information Package. make sure that the Vehicle Identification Number (VIN) on your vehicle matches the number on your permit (your green ownership document) check to ensure the vehicle has no money owing on it.
Most businesses in Ontario are required to register with the federal government for a GST/HST account and collect GST/HST on taxable sales. 7. Understand your tax obligations