Countdown to the HST

Some HST Transition Rules Take Effect May 1
CGA-BC's HST Brochure [PDF - 1.5 MB]
Countdown to HST Seminar
Canada Revenue Agency and the HST 
The Mintz Report 

The Countdown to the HST breakfast seminar on March 4, 2010 was a sellout performance that had attendees wanting more.

Featuring keynote speaker David Baxter and a panel of three CGA public practitioners with corporate clients representing a vast array of industries, the event answered many questions about the new tax.

See the Countdown to HST Powerpoint Presentation featuring all three CGA panelists: John Pankratz, FCGA; T. Charlotte Hoggard, CGA; and Candace Nancke, CGA.  Stephen Spector, FCGA, 2009 Past President of the Association acted as moderator and took questions from the audience.

View Evolution or Extinction:  Harmonization in a British Columbia that Works (David Baxter of the Urban Futures Institute Presentation)

To assist your business with the HST, CGA-BC has published an HST brochure on the new tax. See it now.

 
 
Countdown to HST, a sold-out event.


 

John Pankratz, FCGA, explains the HST issues facing B.C. businesses.

Canada Revenue Agency and the HST

The Canada Revenue Agency (CRA) has announced proposed changes to electronic filing requirements for GST/HST registrants beginning July 1, 2010. See New GST/HST Reporting Requirements.

To provide clarity for businesses, transitional rules are required to determine which tax—the existing PST or the provincial part of the HST—would apply to transactions that straddle the July 1 implementation date. See Transitional Rules for Personal Property and Services.

CRA Forms and Publications

•  B-103, Harmonized Sales Tax - Place of supply rules for determining whether a supply is made in a province
• NOTICE 246 Harmonized Sales Tax for British Columbia - Questions and Answers on Housing Rebates and Transitional Rules for Housing and Other Real Property Situated in British Columbia
• NOTICE 247 Harmonized Sales Tax for Ontario and British Columbia - Questions and Answers on General Transitional Rules for Personal Property and Services
• NOTICE 249 Questions and Answers on the New Reporting Requirements for GST/HST Registrants 

The Mintz Report

Dr. Jack Mintz of the University of Calgary’s School of Public Policy reports that by 2020 the combined effect of the corporate tax cuts and HST will be to increase capital stocks by more than $14 billion. This translates into an increase of 141,000 jobs. The report was published in volume 3, issue 4 of SPP Briefing Papers in March 2010.

Read the report: British Columbia’s Harmonized Sales Tax: A Giant Leap in the Province’s Competitiveness [PDF 1.05 MB].