Today may be April Fools’ Day but the taxation systems are no joke in BC and in PEI, as the Harmonized Sales Taxes will see a shift. For BC residents, today marks the day they say farewell to the HST after a controversial implementation and emotionally-charged referendum led to the demise of the taxation system.
While various industries saw a surge in revenues under the HST laws in BC such as manufacturing, the film industry and various other sectors of the economy, other industries were hit hard and saw a decline …
HST will apply to the purchase of new homes, however there will be HST rebates available on the purchase of new homes.
The hospitality industry is making a stand against HST. Learn how HST will affect this industry and what they are doing to fight HST.
HST rebates will be available for things like residential energy. In most cases, the rebate will be administered at the point of sale.
There are a number of HST exemptions available that will help keep costs down. Learn more about these exemptions.