Ontario Harmonized Sales Tax

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When Will HST Apply? • Sale of Goods ‣ Goods delivered and ownership transferred after June 30, 2010 • Services ‣ Taxable services provided in Ontario performed after June 30, 2010 • Transitional rules will be discussed further in the presentation 9
Key Dates Certain organizations may need to self-assess the Ontario portion of the HST on amounts paid or payable between this date and May 1, 2010 for goods or services provided on or after the implementation date HST will apply to amounts paid or payable on or after this date for goods or services that will be provided on or after the implementation date Implementation date Pre Period 1 Period 2 October 14, 2009 May 1, 2010 July 1, 2010 Post 10
Page 1 and 2: Ontario Harmonized Sales Tax Matthe
Page 3 and 4: Agenda • Overview • Transitiona
Page 5 and 6: Current Regimes Goods and Services
Page 7 and 8: HST - Why? • Remove PST as a hidd
Page 9: HST • Advantaged ‣ Manufacturer
Page 13 and 14: Goods (Pre) • Sale of goods where
Page 15 and 16: Goods (Period 1) • Consideration
Page 17 and 18: Goods (Period 2) • Sale of goods
Page 19 and 20: Goods (Period 2) • Example A busi
Page 21 and 22: Services (Pre) • Supply of servic
Page 23 and 24: Services (Period 1) • Considerati
Page 25 and 26: Services (Period 2) • Considerati
Page 27 and 28: Services (Post) Post October 14, 20
Page 29 and 30: Other Transitional Rules • Leases
Page 31 and 32: Exempt Service Providers • Includ
Page 33 and 34: Retail - Point of Sales Rebates •
Page 35 and 36: Retail - Other • Aboriginals - at
Page 37 and 38: Heavy Construction • Benefit unde
Page 39 and 40: Residential Housing - Construction
Page 45 and 46: Public Services Bodies • Appears
Page 47 and 48: Public Services Bodies Public Servi
Page 49 and 50: Credits • Small Business Transiti
Page 51 and 52: Temporary Restrictions - Large Busi
Page 57 and 58: GST/HST E-Filing • Businesses wit
Page 59 and 60: Prices • In most industries HST w
Page 61 and 62:
Economic Trends • Businesses Sell
Page 63 and 64:
Misc. GST/HST items • The small b
Page 65 and 66:
Winding Down the PST • General ru
Page 67 and 68:
PST Audits • The Province can con
Page 69 and 70:
The 5 P’s to Consider in Transiti
Page 71 and 72:
Paper • Review contracts, invoice
Page 73 and 74:
Pricing • Consider effect on pric
Page 75 and 76:
Individuals
Page 77 and 78:
Transition Payments to Individuals
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Ontario Harmonized Sales Tax

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