The Government of Ontario and the Government of British Columbia are each introducing a harmonized sales tax (HST) that will come into effect on July 1, 2010.

The HST rate in Ontario will be 13% of which 5% will represent the federal part and 8% the provincial part.

The HST rate in British Columbia will be 12% of which 5% will represent the federal part and 7% the provincial part.

For more information, please refer to the information sheet issued by Canada Revenue Agency about

“Transition to the Harmonized Sales Tax – Continuous Supplies and Budget Payment Arrangements” and

“harmonized Sales Tax: Purchasers of New housing in Ontario“.