May 9, 2016, No. 2016-27.Businesses across Canada must ensure that they prepare for upcoming HST changes and complete any appropriate adjustments to their systems and processes. These upcoming HST changes will affect businesses located in New Brunswick, Newfoundland and Labrador, Ontario and Prince Edward Island, as well as businesses that have activities in those provinces.
It is important to prepare for these changes as soon as possible since GST/HST applies to most transactions and errors in systems and processes can multiply quickly and become very expensive.
The following HST regimes in Canada will see significant changes in the coming months:
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Information is current to May 6, 2016. The information contained in this TaxNewsFlash-Canada is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.