Sales Tax Harmonization is more than a Sales Tax Matter
Dean Grubb, Associate Partner, Vancouver Deloitte & Touche LLP
Angela Chang, Senior Manager, Vancouver Deloitte & Touche LLP
The implications of sales tax harmonization are enterprise wide as it has affects many facets of
your entire business, including product pricing (and customer management), capital and operating
spending (including vendor management), systems and compliance procedures. Sales tax harmonization
also carries with it income tax implications?
Ontario announced its intention to harmonize its provincial sales tax with the federal
goods and services tax (GST) in March 2009. BC followed suit four months later. The 13% Ontario
harmonized sales tax (OHST) and the 12% BC harmonized sales tax (BC HST) will take effect on July 1, 2010.
>> more - download complete article
Have your ideas and insights showcased to the hundreds of business and financial professionals who visit these pages weekly! CLICK HERE for more information.
Email your submissions for consideration to: webcommunities@cica.ca
All submissions will be reviewed by CICA.