Information & Resources

Prince Edward Island HST Timeline

Beginning April 1, 2013, Prince Edward Island joins the four other Canadian provinces that have dropped their provincial sales taxes (PST) and adopted a harmonized sales tax (HST). (Note that April 1, 2013 is also the same date that British Columbia abandons the HST and reverts to PST). With the change coming, Prince Edward Island’s... Read more »
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Canada: Goods and Services Tax And Harmonized Sales Tax

DefinitionWho pays, who collectsRegistration/Business numberWhat is taxable, at what rateWhat is exemptInput tax creditFiling/paymentsMiscellaneous IssuesIndian Special StatusMore Information/Tax offices The following material defines and describes Canada’s Goods and Services Tax and Harmonized Sales Tax (GST/HST). Its purpose is to provide the reader with an understanding of the basics of the tax. Those in accounts payable... Read more »
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Canada: Provincial Sales Taxes (PST)

Three provinces in Canada, namely British Columbia, Saskatchewan, and Manitoba have their own tax statutes to impose a Provincial Sales Tax (PST). The province of Alberta and the territories—Northwest Territories, Nunavut and Yukon—do not impose any provincial sales tax. Quebec province imposes the QST, which is a value-added or VAT tax. In the 1990s, the... Read more »
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Ontario Adopts Harmonized Sales Tax

Beginning in 2010, Ontario joined the four other Canadian provinces that have discontinued their own individual Provincial Sales Taxes and instead harmonized with the Canadian Goods and Services Tax. The Ontario budget proposed March 26, 2009 stated that the province planned to adopt Harmonized Sales Tax on July 1, 2010. Under the plan, Ontario’s existing... Read more »
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Contract Services Payment Reporting Requirements in Canada

Independent Contractor or Employee?Taxpayer ID#Reporting ExceptionsMethods to Filing, Deadlines and RecipientsCorrected ReturnsPenalties Introduction In Canada, specific contract payments to nonemployees must be reported to the Canada Revenue Agency (CRA), and the recipient. There are three forms that are used to report contract payments to the CRA: Forms T1204, T5018, and T4A. The T1204 is used... Read more »
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Vendor Master File Case Study

Adding VendorsHandling Inactive VendorsQuarterly ReportsAnnual ReportsWhat’s in a Name?Maintaining a Secure Vendor File The following article is a real case study. The names of the interview subject and the organization have been changed to protect their privacy. A company’s vendor master file sits at the heart of their payables operation. Because the file contains all... Read more »
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British Columbia PST Resource

As of April 1, 2013, the Canadian province of British Columbia reverted back to the provincial sales tax (PST) from the harmonized sales tax (HST). The PST retained its former 7 percent tax rate and upholds all previous PST exemptions. The PST is a retail sales tax that is payable when a taxable tangible good... Read more »
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Quebec’s QST

The Provincial Sales Tax in Quebec is referred to as the Quebec Sales Tax (QST). The majority of goods and services sold or provided in Quebec are taxable at a rate of 8.5 percent. The GST is included in the tax base when calculating the QST. This results in an effective rate of taxation of... Read more »
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Saskatchewan’s Provincial Sales Tax (PST)

The Provincial Sales Tax Act authorizes a 5 percent tax that applies to taxable goods and services consumed or used in Saskatchewan. It applies to goods and services purchased in the province as well as those imported for consumption or use within the province. The tax is applied to the purchase price exclusive of GST.... Read more »
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Manitoba’s PST

The Retail Sales Tax Act is the legal authority that provides guidelines on the application of the 8 percent RST applied to retail sales and rental of most tangible personal property and certain services in Manitoba. The tax is calculated on the selling price before the Goods and Services (GST) is applied. What is Taxable Tangible... Read more »
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