Tax Tips - Business Tips: Provincial Sales Tax

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" background="043085a3.jpg"> <div> <FONT SIZE="5" COLOR="#000000" FACE="Arial" ><B>Michael H. Storoszko, CGA</B></FONT><B>    </B><B> |     </B><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><A HREF="index.htm" TARGET="_top" TITLE="Michael H. Storoszko, CGA"><B>HOME</B></A></FONT></div> <div> <I>Tax Tips - Business Tips: Provincial Sales Tax</I></div> <DIV ALIGN="LEFT"></DIV> <div> </div> </td> </tr><tr> <td valign="top" width=195 BGCOLOR="#FFFFFF" TEXT="#080000" background="044d2e83.jpg"> <div> <A HREF="tax_tips.htm" TARGET="_top" TITLE="Michael H. Storoszko, CGA Tax Tips">Tax Tips Home</A></div> <div> <A HREF="income.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Income">Income</A></div> <div> <A HREF="deductions.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Deductio">Deductions</A></div> <div> <A HREF="tax_credits.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Tax Cred">Tax Credits</A></div> <div> <A HREF="filing.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Installm">Filing</A></div> <div> <A HREF="tax_planning_and_filing_deadlines___2009.htm" TARGET="_top" TITLE="Tax Tips Tax Planning and Filing Deadli">Tax Planning and Filing Deadlines - 2009</A></div> <div> <A HREF="rrsp_tips.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: RRSP Ti">RRSP Tips</A></div> <div> <A HREF="capital_gains.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Capital ">Capital Gains</A></div> <div> <A HREF="tax_benefits.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Tax Bene">Tax Benefits</A></div> <div> <A HREF="pensioners.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Pensione">Pensioners</A></div> <div> <A HREF="united_states.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: United S">United States</A></div> <div> <A HREF="investing.htm" TARGET="_top" TITLE="Tax Tips Personal Tax Returns: Investin">Investing</A></div> <div> <A HREF="business_tips.htm" TARGET="_top" TITLE="Tax Tips Business Tips: General Busines">Business Tips</A></div> <div> <B>PST</B></div> <div> <A HREF="gst.htm" TARGET="_top" TITLE="Tax Tips Business Tips: Goods Services">GST</A></div> <div> <A HREF="payroll.htm" TARGET="_top" TITLE="Tax Tips Business Tips: Payroll">Payroll</A></div> <div> <A HREF="new_tax_items.htm" TARGET="_top" TITLE="Tax Tips New Tax Items">New Tax Items</A></div> <div> <A HREF="tax_jokes.htm" TARGET="_top" TITLE="Tax Tips Tax Jokes">Tax Jokes</A></div> <div> <A HREF="tax_records.htm" TARGET="_top" TITLE="Tax Tips How Long Should I Keep My Tax ">Tax Records</A></div> <div> <A HREF="should_you_file_a_tax_return_.htm" TARGET="_top" TITLE="Tax Tips Should You File a Tax Return?">Should You File a Tax Return?</A></div> <bR> <bR> <div> The tax tips presented, and the rates provided, are only applicable to the dates the tax tips are presented and updated and they may change at any time.  Please use the tips for general information only and obtain professional advice and updates from Michael H. Storoszko, CGA  at (416) 828-9804 or your professional tax advisor.</div> <bR> </td> <td valign="top" height=390 width="100%" BGCOLOR="#FFFFFF" TEXT="#080000" background="04507073.jpg"> <div> <I>Tax Tips - Business Tips: Provincial Sales Tax</I></div> <bR> <div> <B>Provincial Sales Tax</B></div> <div> Provincial (Ontario) Sales Tax is charged at  8% of the selling price of specified goods.  It is a Provincial tax and is levied on new goods sold to the destination consumer and used goods sold to the destination consumer.  Tax is netted on automobile trade-ins.  On certain goods, including food consumables, books and real property, tax is not chargeable.  Tax is also not chargeable on pure services.</div> <bR> <bR> </td> </tr></table></body>