HST Transitional Rules
We have just been advised by the Department of Finance of the provincial government’s transition plan for the increase in the provincial portion of the Harmonized Sales Tax (HST) from 8% to 10%, effective July 1, 2016.
There are a series of transitional rules that are required to determine which tax rate (the existing HST rate of 13% or the new HST rate of 15%) will apply with respect to transactions which straddle the July 1, 2016 implementation date.
A link to the general HST transitional rules follows:
For further information on the general transitional rules, please contact the Canada Revenue Agency’s Business enquiries line at 1-800-959-5525 (English service) or 1-800-959-7775 (French service).
For further information on the transitional rules for sales of real property, please contact the Canada Revenue Agency’s technical GST/HST enquiries line at 1-800-959-8287 (English service) or 1-800-959-8296 (French service).