Tax Tips - Business Tips: Provincial Sales Tax

Provincial Sales Tax
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.