http://www.mnp.ca/media-centre/blog/tags/hstHST Blog Post RSS FeedCopyright 2012MNP All rights reserved.Have you started your own business and are not sure about whether you should register for GST? You are able to voluntarily register for GST if you are carrying on a commercial activity. Either selling taxable goods or providing taxable services. http://www.mnp.ca/en/media-centre/blog/2009/8/31/when-to-register-for-gst/Mon, 31 Aug 2009 00:00:00 GMTA summary of the B.C. budget update released September 1, 2009.http://www.mnp.ca/en/media-centre/blog/2009/9/8/bc-budget-update-september-1-2009/Tue, 08 Sep 2009 00:00:00 GMTOntario received $4 billion and British Columbia received $1.6 billion in transfer payments from the federal government if they agreed to harmonize their PST’s with the GST. How will this affect your business?http://www.mnp.ca/en/media-centre/blog/2009/11/20/how-will-the-new-hst-affect-my-business-faq/Fri, 20 Nov 2009 00:00:00 GMTSenior officials from the Ministry of Finance recently clarified some important points about the impending transition to HST.http://www.mnp.ca/en/media-centre/blog/2009/12/7/important-points-about-the-transition-to-hst/Mon, 07 Dec 2009 00:00:00 GMTInformation on an extremely important component of the upcoming HST in BC and Ontario was recently released - The Place of Supply Rules. If you're asking "What rate do I charge?", the rules have changed!http://www.mnp.ca/en/media-centre/blog/2010/3/15/hst-the-place-of-supply-rules/Mon, 15 Mar 2010 00:00:00 GMTJuly 1 will be a very important day for Canadian businesses in 2010, as it is the first day of the Harmonized Sales Tax in B.C. and Ontario. Although the new taxation scheme will have a great impact on business owners in those two provinces, it also has repercussions for companies in other provinces, and the time to plan for them is running out.http://www.mnp.ca/en/media-centre/blog/2010/4/8/harmonized-sales-tax-hst-question-answer/Thu, 08 Apr 2010 00:00:00 GMTIn an effort to reduce Nova Scotia’s deficit to a sustainable level, the province’s NDP Government will increase the harmonized sales tax (HST), effective July 1, 2010. http://www.mnp.ca/en/media-centre/blog/2010/4/21/canada-expected-to-see-five-new-hst-rates-by-july-1-2010/Wed, 21 Apr 2010 00:00:00 GMTGiven the significant increases in land and quota values over the last number of years, it is becoming increasingly difficult to transfer the family farm at fair market value. This tax-deferred rollover can be an invaluable tool in succession planning and benefit future generations.http://www.mnp.ca/en/media-centre/blog/2011/1/26/transitioning-the-family-farm/Wed, 26 Jan 2011 00:00:00 GMTIf you are considered as a Selected Listed Financial Institution, you will be required to file a form known as the Special Attribution Method for your upcoming fiscal year end. This form is required to be filed once per year within three months of your fiscal year end, commencing for all fiscal year-ends after July 1, 2010.http://www.mnp.ca/en/media-centre/blog/2011/2/9/will-hst-legislation-changes-impact-my-credit-union/Wed, 09 Feb 2011 00:00:00 GMTOn Tuesday, February 15, 2011, the BC Minister of Finance, Colin Hansen, presented the Province’s 2011 Budget. The Budget Speech proclaimed it the “status quo” budget, reaffirming the government’s pledge to fund vital public services while continuing to practice prudent fiscal management.http://www.mnp.ca/en/media-centre/blog/2011/2/15/bc-budget-announcement-2011/Tue, 15 Feb 2011 00:00:00 GMTThe year 2010 contained significant GST/HST developments that affected the financial services sector. Complex legislation dealing with imported taxable supplies and input tax credits (ITCs) were put into force. It also provides detailed rules for classifying and allocating expenses and purchases for input tax credit purposes.http://www.mnp.ca/en/media-centre/blog/2011/3/3/gsthst-developments-in-the-financial-sector/Thu, 03 Mar 2011 00:00:00 GMTThe Place of Supply rules are necessary to determine the appropriate rate of tax to charge. Under the GST/HST system if you are registered for these taxes, it is the requirement of the person selling the good or supplying the service to charge the correct rate of tax.http://www.mnp.ca/en/media-centre/blog/2011/3/10/a-case-study-on-hst-part-i-place-of-supply-rules/Thu, 10 Mar 2011 00:00:00 GMTContinuing our discussion of Game Company located in Red Deer, Alberta- the question we will answer is with regards to the tax rate applied to the purchase of supplies.http://www.mnp.ca/en/media-centre/blog/2011/3/22/a-case-study-on-hst-part-ii-gsthst-rates-on-supplies/Tue, 22 Mar 2011 00:00:00 GMTIn his Budget today, Ontario’s Finance Minister Mr. Dwight Duncan avoided making any of the “tough choices" necessary to balance the budget earlier than the planned 2018 fiscal year. His 2011 Budget contains no perceptible cuts to programs or expenditures.http://www.mnp.ca/en/media-centre/blog/2011/3/29/ontario-budget-announcement-2011/Tue, 29 Mar 2011 00:00:00 GMTThe HST was voted out in B.C. Businesses in the province must transition back to collecting and paying PST and GST—a process that will have its own complexities that need to be carefully managed. The good news is that the transition may also benefit you.http://www.mnp.ca/en/media-centre/blog/2011/11/1/hst-in-bc-helping-you-manage-the-transition-back-to-pst/Tue, 01 Nov 2011 00:00:00 GMT