Harmonized Sales Tax


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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 ?
In my personal experience talking with voters during the Harmonized Sales Tax referendum in British Columbia in 2011, many voters were unaware they were now receiving the enhanced Harmonized Sales Tax Credit.
In November, the province signed the Comprehensive Integrated Tax Coordination Agreement with the Government of Canada which provides the framework necessary for the implementation of the Harmonized Sales Tax (HST) in Prince Edward Island.
Last year residents of British Columbia (BC) approved a referendum to repeal the Harmonized Sales Tax (HST) and reinstate the Provincial Sales Tax (PST).
He told the electorate before his party was returned to power last year that a harmonized sales tax wasn't in the cards for the province, and within three days after the polls closed his minions were plotting to bring harmony to B.
These include federal income tax; personal income tax for all provinces (except Quebec); corporate income tax (for all provinces except Alberta, Ontario, and Quebec); harmonized sales tax (HST) in three provinces and goods and services tax (GST) in all other provinces (except Quebec); commodity taxes, excise duties and import duties; provincial sales, alcohol, and tobacco taxes at the border for some provinces; various customs fees; employee and employer Canada Pension Plan contributions and Employment Insurance premiums.
Recently, however, adverse developments have occurred due to a revaluation of existing reserves to reflect the impact of the implementation of a harmonized sales tax in Ontario and a significant decrease in the discount rate, resulting in an increase in claims liabilities.
The report outlines Canadian's governing bodies, laws, mining licenses and rights and obligations and key fiscal terms which include royalty, annual rents, corporate income tax, provincial income tax, branch profit tax, withholding tax, capital gains, goods and service tax / harmonized sales tax (HST), depreciation and other provincial taxes.
In the summer of 2009, the Liberal government of British Columbia announced that it had reached agreement with Ottawa to replace its provincial sales tax and the federal Goods and Services Tax with a new Harmonized Sales Tax (HST).
Provincial Matters and the Harmonized Sales Tax There are pending Harmonized Sales Tax (HST) measures in Quebec, British Columbia, and Prince Edward Island that we would like the Department of Finance and the Canada Revenue Agency to address.
Another knock against new starts is the implementation of the Harmonized Sales Tax (HST), says Higgs.
Strangers arrive in your country, and instead of taking over the entire land and imposing such bizarre concepts as a harmonized sales tax and Canadian Idol, you put them on plots of land they are forbidden to leave, and you control every aspect of their poverty-stricken life.
To show that the investment effects of the reform would be substantial, I estimate the effects of the 1997 Harmonized Sales Tax (HST) reform on business investment and consumer prices in the Atlantic provinces.