The Certified General Accountants Association of British Columbia has published an information guide on the Harmonized Sales Tax to assist businesses that are still uncertain about the new tax before it is implemented on July 1, 2010.
The guide covers tax harmonization across Canada, application of the HST in B.C. and the ways businesses need to prepare for implementation.
Copies of the HST guide can be obtained by contacting CGA-BC.
CGA-BC has publicly expressed its support for the HST, and the guide is part of the association’s broader efforts to educate and prepare businesses in B.C. in advance of the July 1 implementation.
Earlier this month, CGA-BC hosted a seminar on the HST featuring futurist and economist David Baxter and a panel of Certified General Accountants. The association is also presenting professional development seminars on the new tax that will run from March to June.
The Canada Revenue Agency also announced on Tuesday that it is providing resources to help businesses prepare for the implementation of the HST. It is launching a suite of webinars featuring HST information for businesses in both Ontario and British Columbia.
“The Canada Revenue Agency and the provincial governments will ensure that businesses receive the information that they need, when they need it, for the transition to the federal administration of the harmonized sales tax,” the agency says.
IE