Harmonized Sales Tax


Also found in: Dictionary, Medical, Acronyms, Encyclopedia, Wikipedia.
Related to Harmonized Sales Tax: Harmonized Tariff Schedule

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.
References in periodicals archive ?
Further reform followed in 1997 with the introduction of the Harmonized Sales Tax in Newfoundland, Nova Scotia, and New Brunswick.
Mainstream business has been calling for the implementation of a harmonized sales tax system for some time now.
Three Atlantic provinces -- New Brunswick, Newfoundland, Labrador and Nova Scotia -- participate in the 14 percent Harmonized Sales Tax (HST), 6 percent of which is GST and 8 percent of which goes to the province.
Failing to address the high taxes that Manitoba families already pay under the current NDP Government; however the PC Caucus does support some positive initiatives in the Throne Speech, including the NDP Government's decision to avoid increasing taxes by refusing to move to a harmonized sales tax in a manner that would add to the already high taxes that Manitobans pay;
The harmonized sales tax is part of the McGuinty government's plan to radically change the Ontario tax system by marrying the GST with the PST to create the federally administered HST at 13 per cent.
APHIS fee of $5 USD and additional taxes/fees of up to $50 CAD, including: Airport Improvement Fee, Canadian Security Fee, Goods and Services Tax, and Harmonized Sales Tax.
Chiefs of the four Anishinabek regions representing 42 member First Nations were unanimous in their stance on the Harmonized Sales Tax.
On the downside is the harmonized sales tax, Fedeli said.
Among those were Bill 17, An Act to Amend the Harmonized Sales Tax Act, introduced by Mr.
In that connection, TEI remains a strong supporter of simplifying sales tax administration and the goal to have the harmonized sales tax model adopted by all Canadian provinces that impose a sales tax.
A Harmonized Sales Tax has been in place in several other provinces in eastern Canada for years, including in Nova Scotia where they've had HST for about a decade.
Bill 25, An Act to Amend the Harmonized Sales Tax Act, introduced by Opposition Leader Jeannot Volpe, would provide for a rebate of the provincial portion of the harmonized sales tax paid on residential heating.