How much is GST in Ontario?
13%
The current rates are: 5% (GST) in Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Quebec, Saskatchewan, and Yukon. 13% (HST) in Ontario. 15% (HST) in New Brunswick, Newfoundland and Labrador, Nova Scotia, and Prince Edward Island.
When was sales tax introduced in Canada?
The goods and services tax (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney.
When was HST introduced Ontario?
July 1, 2010
The province of Ontario joined the HST program on July 1, 2010, with an HST rate of 13% consisting of the 5% federal portion and an 8% Ontario portion. The province of British Columbia joined the HST program on July 1, 2010, with an HST rate of 12% consisting of the 5% federal portion and a 7% B.C. portion.
What is the current HST rate in Ontario?
13% (HST) in Ontario.
When did GST become 15%?
1 Oct 2010
Taxation (Budget Measures) Act 2010 increases rate of GST to 15% from 1 Oct 2010. The rate of goods and services tax (GST) will increase from 12.5% to 15% from 1 October 2010, as part of a switch in the tax mix from income tax to consumption tax announced in Budget 2010.
How do you calculate sales tax in Ontario?
Calculating sales tax in Ontario is easy. Ontario applies 13% HST to most purchases, meaning a 13% total sales tax rate. HST stands for Harmonized Sales Tax. It is essentially the General Sales Tax and a Provincial Sales Tax rolled into one….What taxes does Ontario apply?
HST | HST |
---|---|
13% |
How did the 2009 federal budget affect Ontario tax revenue?
Reforming Ontario’s Tax and Pension Systems. The net impact of measures announced in the 2009 federal budgetincreases revenues over the medium term. This includes new funding for infrastructure and training that boosts revenues, particularly in 2009–10 and 2010–11, and changes to the CHT funding formula.
What will Ontario’s inflation rate be in 2009?
Ontario’s consumer price index (CPI) inflation rate is expected to fall to 0.4 per cent in 2009, from 2.3 per cent in 2008, reflecting 2.6 2.3 (0.4) (2.5) 3.3
How much was Ontario’s deficit in 2009?
The global economic crisis continues to affect Ontario in the short term, resulting in a projected deficit of $14.1 billion in 2009–10. Similar to 2008–09, Ontario’s deficit relative to the size of its economy in 2009–10, at 2.4 per cent, is low among industrialized jurisdictions impacted by the global economic crisis.
How much will Ontario spend on healthcare in 2009-10?
Compared to 2008–09, Ontario will increase health sector spending by over $1.8 billion, supported by a $841 million increase to Ontario’s CHT payment. This CHT increase includes $489 million in 2009–10 to give Ontario per capita funding equal to the other provinces that receive Equalization.