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For both Ontario and British Columbia, the Harmonised Sales Tax started on 1 July 2010.
What else can I help you with?
Why is Ontario called the Heartland of Canada?
It has some of the best ways to tax the people. Gst, pst, hst, cars, houses, etc.
How did scientists get hst into orbit around the earth?
HST is the Hubble Space Telescope and was launched inside of space shuttle "Discovery" in 1990.
How does the rooftop scene link to the rest of the film in shawshank redemption?
that was the start of andy setting up his tax office his tax office
When did people in Canada start paying income tax?
In 1917, the cost of participating in World War I had become too great, and the government was forced to temporarily adopt an income tax system in order to finance the war effort. What was going to be a temporary measure is now the largest form of income available to the Canadian government. Sir Thomas White, Minister of Finance, was the man who proposed the "war" income tax.
When will season 3 start for ninja go?
it going start in late 2012
What is the HST all about?
HST stands for Harmonised Sales Tax and is the combination of GST (General Sales Tax) and PST (Provincial Sales Tax)
Are Indians HST tax exempt?
Indians are tax exempt on the provincial portion of the HST (8%) when they present their tax status card. For more details on this follow this link to the government communique about Indian tax status in regards to the HST: http://www.rev.gov.on.ca/en/taxchange/firstnations.html
How does the government collect GST?
In Canada it is the registrants who collect GST/HST from the people to whom they provide their goods and services. Depending on their filing frequency of thier GST/HST returns (monthly, quarterly or annually), they indicate the amount of GST/HST that they have collected as well as the GST/HST that they paid as inputs to their commercial activity (input tax credits). The input tax credits are deducted from the GST/HST collected and the balance (positive or negative) becomes their net tax. They then either remit (if a positive amount) or claim their "refund" (negative amount). The government doesn't actually "collect" the tax, they receive it from their tax collectors...the GST/HST registrants.
Is HST Recoverable a debit or credit balance?
HST (Harmonized Sales Tax) recoverable is recorded as a debit balance in accounting. This reflects the amount of HST paid on purchases that a business can claim back from the tax authorities. Essentially, it represents an asset for the business, as it signifies future cash inflows when the tax is reclaimed.
What are advantages HST?
Advantages of the Harmonized Sales Tax (HST) include simplification of the tax system by combining the federal Goods and Services Tax (GST) with provincial sales taxes, reducing administrative costs for businesses, and improving tax compliance by streamlining the tax process for consumers and businesses.
Is Canadian HST paid on a lease expensed or capitalized?
In Canada, the Harmonized Sales Tax (HST) paid on a lease is typically expensed as part of the lease payments. For businesses, this means the HST can usually be claimed as an input tax credit (ITC) if the lease is for commercial use. However, if the lease is considered a capital lease, the treatment may vary, and the HST could potentially be capitalized. Always consult with a tax professional for specific situations.
Do you charge hst in progress billing?
Yes, HST (Harmonized Sales Tax) is typically charged on progress billing if the services or goods provided are subject to the tax. Each progress billing invoice should clearly state the HST amount being charged. It's important to check the specific tax regulations applicable in your region, as rules may vary. Always ensure proper documentation for tax compliance.
How does a receipt with HST tax look?
A receipt under an HST tax scheme looks almost the same as a receipt under the previous GST/PST tax scheme, but with only one tax line.For example, a separate tax scheme using GST and PST would apper as:Item: $19.99Subtotal: $19.99GST @ 5.00%: $1.00PST @ 7.00%: $1.40Total: $22.39Whereas a blended tax scheme using only HST would appear as:Item: $19.99Subtotal: $19.99HST @ 12.00%: $2.40Total: $22.39
What is the HST in Alberta?
Alberta does not have HST. It only has GST. HST (Harmonized Sales Tax, which is the combination of Provincial Sales takes and Goods and Services Tax) is only found in Ontario, British Columbia, New Brunswick, Newfoundland and Nova Scotia. The current rate of GST for all provinces, including Alberta, is at a rate of 5%.
Is HST good or bad?
For you, bad. For the government, HECK YAH ITS GOOD!!!! If you are talking about the tax thingy.
What new tax will happen on September tenth thousand eleven?
Probably HST if you're in Canada.
How does the hst affect society?
The Harmonized Sales Tax (HST) affects society by streamlining the tax process, combining federal and provincial sales taxes into a single tax, which can reduce administrative costs for businesses. However, it can also lead to increased prices for consumers on certain goods and services, potentially impacting lower-income households more significantly. The revenue generated from HST is typically used to fund public services and infrastructure, which can benefit society as a whole. Overall, the HST can have both positive and negative implications for different segments of society.
