Ontario Harmonized Sales Tax

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Goods (Period 2) • Consideration due or paid on or after May 1, 2010 and before July 1, 2010 ‣ HST would apply to the extent that the consideration is for goods that are delivered and for which ownership is transferred to the recipient after June 2010 ‣ Vendor must collect if applicable 17
Goods (Period 2) • Example A business sells furniture on May 1, 2010. The customer will make 8 payments, one payment per month from May 2010 to Dec 2010. Ownership will transfer after final payment in Dec 2010 and furniture is then delivered. • Answer HST applies to the full price of the furniture since it is delivered & ownership is transferred after June 2010. 18
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 and 10: HST • Advantaged ‣ Manufacturer
Page 11 and 12: Key Dates Certain organizations may
Page 13 and 14: Goods (Pre) • Sale of goods where
Page 15 and 16: Goods (Period 1) • Consideration
Page 17: Goods (Period 2) • Sale of goods
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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