When was pst introduced in ontario

The supplier is responsible for ensuring the certificate is properly completed i. See: Purchase Exemption Certificate.

All other purchasers claiming an exemption must provide a valid Purchase Exemption Certificate to the supplier. A purchaser cannot use identity cards other than those listed above when claiming an exemption from RST. Suppliers must charge RST on taxable sales when presented with other identity cards.

If you collect premiums for taxable insurance contracts or benefits plans, you need to register as a vendor and get a Vendor Permit. To do this:. Compensation is available to vendors who are required to collect RST. It is based on the amount of RST charged i. Complete and send a refund application form to the Ministry of Finance within four years from the date the RST was paid.

With your completed application, include all supporting documents and proof that RST was paid. If you are selling or closing your business and sell assets i. Although PST is imposed on the purchaser, provincial vendors are generally required to register to collect and remit the PST to the applicable provincial government. Persons bringing taxable goods into a province for their own use are generally required to self-assess and remit the applicable tax directly to the province.

Where the goods are shipped from outside of Canada, clearing Canadian Customs, all PST provinces except PEI have entered into collection agreements with the federal government. Persons not covered by the PST collection agreements i. While the generally stated tax base in each of the three PST provinces is therefore fairly consistent, the differences lie in the details of the particular systems. Followers 0. Reply to this topic.

Recommended Posts. SamStranger Posted May 30, Posted May 30, Link to comment Share on other sites More sharing options UnionJack Posted July 4, Posted July 4, Shwa Posted July 4, William Ashley Posted July 6, Posted July 6, Excellent sales tax summary. Now to the fun part: what "basic services" would you like? Borg Posted July 6, The Ministry of Finance also applies interest to amounts the ministry owes to individuals and corporations.

The 13 per cent HST is charged on the selling price of the good or service. The HST rate in Ontario is 13 per cent consisting of a 5 per cent federal part and an 8 per cent provincial part. In Ontario there are other taxes that may apply to you, your family or business.

For the rate of these taxes, select the appropriate tax from the list below.