Harmonized Sales Tax takes effect on July 1, 2010, are you ready
and informed. Thank you to Natalie Jamison for forwarding us the information to share with our WonderMoms members.
Find out what is taxable under the new HST.
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"Eliminating Hidden Taxes
Currently, PST (also called RST) is applied at every step in the creation of a product. Those multiple
PST charges are embedded in the price you pay at the store - even though you can't see it. And of course, you pay PST on the
final purchase price.
Here's an example of how
PST is hidden in the cost of a suit jacket. Under the current system, taxes are paid at every step in production and passed
on to consumers. Under the HST system, most of those embedded costs are removed and savings can be passed on:"
