In Ontario, the HST uses a value-added tax structure that allows most businesses to claim input tax credits (ITC) on the 13% HST paid. This is unlike the PST which applied to many purchases made by a business but was not refunded.
In controlling related costs we can assist your company in the compilation of information and preparation of sales tax returns.
We can assist you in preparation and filing of HST returns and other government remittances.
- Plan for your HST liability/refund
- Prepare your Business Activity Statements
As always, it is up to you to decide to do the work the easy way or the hard way. In any case, we are always available to answer your questions. Feel free to contact us by email or telephone at 519-262-3431.