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Inside Internal Controls

News and discussion on implementing risk management

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GST

And now an update on HST transitions!

If you’ve been following the story of Quebec’s efforts to harmonize its sales tax (the QST) with the federal Goods and Services Tax, you probably know that it took a bit longer than expected, besides the 19 previous years of semi-harmonization during which nothing really happened. The federal government and the province originally set a deadline of September 15 to reach a deal, but they subsequently extended the period, and as of Friday, the deed is done—kind of.

 

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Hope for the HST

Regardless of your opinion about the new Harmonized Sales Taxes in Ontario and British Columbia, they’re here now and they’re probably here to stay—at least for the foreseeable future. So what do you do with that if you’re unhappy about the new taxes? Do you continue to scream and shout? Or do you try and figure out how you can make the most of the situation?

 

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The cynical blather about HST

You’d think that in tough economic times, political parties might get together to support public policy that is fiscally progressive, good for business and (if the experience of Atlantic Canada is anything to go by) not such a bad deal for consumers. But you’d be wrong.

 

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