WebNov 3, 2024 · For volume discounts, how you apply GST/HST to the sale depends on whether you offer the discount at the time you make the sale or after you make the sale. For a discount offered at the time of sale, you charge GST/HST on the net amount (the sale price minus the discount). So for instance, if a customer bought ten dancing hula lamps … WebFeb 1, 2024 · The federal new housing rebate is equal to 36% of the federal component of GST/HST paid, up to a maximum of $6,300 (for homes valued at $350,000), with the rebate being gradually reduced and phased out when the value of the home reaches $450,000.
Provincial sales tax frequently asked questions
WebMay 26, 2024 · Harmonized Sales Tax (HST): The Harmonized Sales Tax (HST) is a combination of the Canadian Goods and Services Tax (GST) and Provincial Sales Tax (PST) that is applied to taxable goods and ... WebThere are three types of sales taxes in Canada: PST, GST and HST. See below for an overview of sales tax amounts for each province and territory. As of July 1, 2024 the PST … myhippolife
H.S.T. – Rules for Business - TaxPage.com
WebThe 5% GST will apply to the sale of new homes on or after April 1, 2013. The 7% PST generally does no apply to the sale of new homes. BC Transition Tax – BC will impose a 2% transition tax on purchasers of new homes where: HST does not apply to the sale; Construction of the home is at least 10% complete at April 1, 2013; and WebJun 15, 2010 · The 12% HST will apply on commercial sales and leases just as the 5% GST does under the current system and input tax credits will be available to tenants and purchasers for the full amount paid. Real Estate Commissions. Commissions will be subject to HST in the same manner as they currently attract GST. The HST was a value-added tax that combined a 5% federal portion and a 7% provincial portion into one tax paid on almost all purchases of goods and services. The HST came into effect amidst contention among British Columbians on 1 July 2010. The BC Liberal government announced on 23 July 2009 that it intended to replace the PST by an HST, combining the GST with a provincial tax following the same rules as the GST. Had the HST passed the referendum, the BC Liberals … ohio plan for reopening schools