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Harmonized Sales Tax

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Harmonized Sales Tax
In Canada, the combination of the federal VAT and provincial sales taxes into a single tax collected by the Canada Revenue Agency. Each province sets sales taxes separate from the federal government to pay for provincial expenses. However, five provinces streamline the collection of their sales taxes by allowing the Canada Revenue Agency to collect them along with the VAT and to distribute proceeds to the provinces accordingly.


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A large consideration among many in Toronto''s real estate industry, however, is tax, specifically the July 2010 introduction of the HST, or Harmonized Sales Tax.
Chiefs of the four Anishinabek regions representing 42 member First Nations were unanimous in their stance on the Harmonized Sales Tax.
The city is thankful the harmonized sales tax will be revenue neutral for municipalities, Fedeli said.
 
 
 
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