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New HST on the Home Front by Borden Ladner Gervais LLP - Toronto Office
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October 9, 2009
Previously published on May 2009
On March 26, 2009, Ontario Finance Minister, Dwight Duncan, (the "Minister") proposed in the province's 2009 Budget that, starting July 1, 2010, Ontario adopt the harmonized sales tax ("HST"). The HST rate in Ontario will be 13%, which includes an 8% provincial portion (the same rate as the current retail sales tax ("RST") combined with the federal goods and services Tax ("GST") of 5%.
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