VAT rates ---UP --- UP ---- and NOT away???
CANADA has a mix of Federal and Provincial VAT (Sales Tax systems). The Federal VAT is called GST (Goods and Services Tax) and charged at the rate of 5 % --- plus the Provincial Sales Tax of about 8 % in most provinces/territories results often to a Harmonized Sales Tax (HST) of about 13 %.
Three of the ten provinces changed the provincial part of the HST now --- and it is going UP:
- NEW BRUNSWICK effective July 1, 2016 to the combined HST rate of 15 % (GST 5 % plus PST 10 %)
- NEWFOUNDLAND AND LABRADOR effective July 1, 2016 to the combined HST rate of 15 % (GST 5 % plus PST 10 %)
- PRINCE EDWARD ISLAND effective October 1, 2015 to the combined HST rate of of 15 % (GST 5 % plus PST 10 %)
--You may want to check your incoming and outgoing Canadian supplier's and customer's invoices and long term contracts and sales agreements in advance of the changes. --
List of all other current Canadian Provinces and Territories HST/GST/PST rates:
|Alberta||5 % (only GST)|
|British Columbia||5 % GST + 7 % PST|
|Manitoba||5 % GST + 8 % PST|
|New Brunswick||15 % HST (GST 5 % + PST 10 %)|
|Newfoundland||15 % HST (GST 5 % + PST 10 %)|
|Nova Scotia||15 % HST|
|Northwest Territories||5 % (only GST)|
|Nunavut||5 % (only GST)|
|Ontario||13 % HST|
|Prince Edward Island||15 % HST (GST 5 % + PST 10 %)|
|Quebec||5 % GST (TPS) + 9.975 % QST (TPQ)|
|Saskatchewan||5 % GST + 5 % PST|
|Yukon||5 % (only GST)|
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