On July 1, 2010, Ontario’s Retail Sales Tax (“RST”) will be replaced by a single, value-added sales tax and combined with the federal Goods and Services Tax (“GST”), resulting in the Harmonized Sales Tax (“HST”). The HST will be applied at a combined tax rate of 13 percent, made up of an 8 percent “provincial component” and a 5 percent “federal component.” This article discusses these points in detail.
Region:
Canada