Commodity tax planning can be a very nuanced and intricate process. Staying updated with the new taxation requirements such as those of the HST may not always be possible. This is where we can help.
The HST is a combined tax of 13% made up of the Ontario Retail Sales Tax (RST) and the federal Goods and Services Tax (GST). With only a few exceptions, the majority of the rules applicable to the GST will also be in effect for the HST.
You may still be unaware of how this change benefits you. This is why we are here to help. Businesses participating in commercial activities for GST purposes and which are able to claim input tax credits for GST purposes will now be able to claim an input tax credit for both provincial and federal parts of the HST.
Take advantage of our services for your corporate taxation needs. Your success drives our success.