Effective July 1st 2010, companies conducting business in Ontario and British Columbia need to begin charging the Harmonized Sales Tax ("HST ") on sales, and paying the HST on purchases instead of GST and PST.
What HST means for your business
Watch Pre-recorded Webinars by Heather Weber, CGA, the leader of Meyers Norris Penny's Indirect Tax Group:
Links to government site for more details
Tax changes for any business can be a daunting task. Simply Accounting by Sage can ease this cumbersome process to help you make your business transition smoothly1. The HST wizard converts your tax codes and adjusts your customer and vendor records in just a few steps. We are also compiling valuable resources to help you stay compliant.
Check back frequently to make your transition seamless.