The Harmonized Sales Tax is set to take effect on July 1st, 2010 in both Ontario and British Columbia. This is a document from Service Canada’s website outlining eligibility and regulations concerning credits. If you are wondering what you are going to be reimbursed, this is an article you should familiarize yourself with. All the following information is taken from the governments website and can be read in it’s entirety here.
GST/HST Credit
The GST/HST Credit program issues payments to Canadians with low and modest incomes to help offset all or …

You could say the negative sentiment towards the HST is mutual for both consumers and investors, as the new tax will inevitably cost both more. All puns aside, this is especially true for those who have savings in mutual funds (a basket of stocks and bonds owned by investors and managed by MF companies). The fees currently charged by management organizations are only subject to GST, but when the added tax takes effect they will face another 8%. Stephen A. MacPhail, president of CI Financial Corp,  says, “a harmonized …

With both the implementation of the Harmonized Sales Tax (HST) and the spring building season drawing near, the real estate market and construction industry just might get the boost they need. While polls show consumers are decidedly against the added tax, with only several months before it takes effect, those looking to purchase or build a new home could have enough incentive to streamline their plans.
With the new tax primarily affecting those who are building houses over $500,000 in Ontario and $525,000 in BC, it is likely that this possible …