katiezielke's blog

Ten Things you should know about HST

1. Generally there will be 12% HST on the sale of  all goods and services after July 1, 2010.

Under the proposed rules, HST will apply to sales of goods where ownership and delivery are transferred to the purchaser on or after July 1, 2010. If either ownership or delivery of the goods occurs before July 1, 2010, the sale will not be subject to HST regardless of when the customer is invoiced for or pays for the purchase.

CRA has set up a special website to help advisors and their clients avoid scam artists in the huge effort to help Haiti earthquake survivors. To access the website, link here.

Advisors and their clients should be aware of the rules for tax deductible gifts and the special rules regarding gifts of capital property. You should also be aware of the donation schemes out there and only give to registered charities.

Gifts can be made to: