Do you understand what your PST requirements are? We can ensure you are calculating correctly for your industry type. There are seminars that CRA hold to assist you as well in understanding what your obligations are with this tax.
The Ontario retail sales tax (RST) of 8 per cent applies to most goods and select services. Significant exemptions include food, children's clothing, and energy, as well as exemptions to production and research and development machinery and equipment.
PST (Ontario)
- 5 per cent on accommodation in hotels, motels, etc. for a period of less than one month
- 8 per cent on manufactured goods and most services
- 10 per cent on admission to places of amusement; alcoholic beverages through licensed establishments
- 12 per cent on alcoholic beverages sold through retail stores
- A "Vendor Permit" is required for the collection of RST on taxable goods and taxable services sold on a regular basis
Details on the Retail Sales Tax in Ontario can be found in "Retail Sales Tax Guides", published by the Ontario Ministry of Finance.
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