Ontario Harmonized Sales Tax
Ontario Harmonized Sales Tax
Ontario Harmonized Sales Tax
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Exempt Service Providers<br />
• Includes Doctors, Dentists and Financial institutions<br />
• Some increase in costs<br />
‣ Estimated to be 1% to 2.5% for Doctors and Dentists<br />
• Inputs that are currently only subject to GST (5%)<br />
will now have an additional 8% (Examples: rent, utilities,<br />
professional fees, gas for vehicle)<br />
• Need to self-assess on prepaid purchases<br />
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