But much more needs to be done. It is not clear that significant progress will be made any time soon, with mid-term elections coming this November. A number of U. Unpopular steps will eventually need to be taken. Nonetheless, it is proving effective in keeping opposition relatively quiet. Ontario has the timing right, with a relatively neutral impact in the short term while the economy is still recovering, and the more significant drag being delayed until more prosperous times have returned.
There is also the argument the governments and many manufacturers make that under the old system, producers were stuck paying provincial taxes in areas where foreign competitors received a bye. These added to Canadian producers costs and raised their prices.
This will make them more competitive versus imports and will lower the general price level. There will be lower prices as a result of the HST? Time will tell. There are not just normal taxes anymore. There are surcharges on taxes. This applies with respect to health care in Ontario. In many jurisdictions, there are extra charges for garbage collection and recycling bins. The list is long and growing. Government intrusion into all phases of everyday life has become extensive and expensive for all private citizens.
Such a moment seems close at hand. Carrick also has a lifestyle blog that can be reached by clicking here. Toggle navigation. Member login Get a demo See sample leads. Building Codes Browse building codes. Building products Browse building products Browse manufacturers.
Recent Comments Yet another severe tax in one of the most taxed jurisdictions in the world Hooray for progress. Email: Password:. ConstructConnect is committed to your privacy. The information you provide is used to contact you about our relevant content, products, and services. Review our privacy policy, do not sell my personal information policy, or unsubscribe. Got it! Privacy Policy. Top 10 largest construction project starts in the U. Trend lines of construction starts in Canada - September HST, or harmonized sales tax, is a sales tax applied in certain provinces.
So, how do you know which taxation applies to your business? The exact amount of HST differs depending on which of the five provinces your business operates. When figuring your revenue, you must include your sales worldwide, even those considered zero-rated, as well as the sales of any companies or other agents who sell on your behalf.
What if your business operates in Prince Edward Island and sells a product online to a customer in Ontario? Sales from your business to a territory such as Manitoba are different still, as Manitoba has a retail sales tax RST. Keeping track of your sales and where they occur is crucial when filing your return with the CRA.
There is the obvious duplication of tax collection and payment with the our very own PST. And there is the more subtle, but still significant problem of charging sales tax on goods whose prices already include sales tax paid on the B. If someone wants to implement higher energy prices, natural resource royalties, congestion charges, solid waste fees— a serious effort to capture resource rents and to tax environmental and social costs — I am all for it.
There are better alternatives. List of Partners vendors. Canada's harmonized sales tax HST is a consumption tax paid by local consumers and businesses. As the name implies, it "harmonizes" combines the nation's federal goods and services tax and various provincial sales taxes. Five Canadian provinces use the HST.
Proponents of the HST argue it improves the competitiveness of Canadian businesses by simplifying their administrative costs, leading to lower prices for consumers. The vendor collects the tax proceeds by adding the HST rate to the cost of goods and services and then remits the collected tax to the Canada Revenue Agency CRA , the tax division of the federal government. Each province had its own rates, resulting in significant differences in the sales taxes throughout Canada.
The concept behind the HST was to streamline the recording and collection of federal and provincial sales taxes by combining them into a single, consistent levy across the country.
Advocates argue it should reduce costs for businesses and ultimately customers since it simplifies their sales-tax-related bookkeeping. Unfortunately, in practice, the HST can often complicate companies' lives instead. While the aim was to create a national sales tax, the Canadian government made adoption of the HST optional—and many provinces opted not to, keeping their separate systems and rates instead.
Five of Canada's 13 provinces use the harmonized sales tax:. Several others apply only the federal goods and services sales tax and do not impose local sales taxes: Alberta, Northwest Territories, Nunavut, and Yukon.
It is the responsibility of Canadian business owners located in one of the five provinces to collect and remit the HST. So the exact amount of HST could differ, depending on which of the five provinces a business operates. While many goods and services are subject to HST, some are zero-rated or tax-exempt.
These include products like basic groceries, books, and many agricultural and fishery goods. Foreign purchasers of Canadian products do not have to pay HST provided that the goods or services will be solely used outside of the country. However, non-residents visiting Canada, such as tourists, are required to pay HST.
0コメント