Here are some common questions and answers to clarify for you:
What Will No Longer Be PST Exempt?You will likely see an increase in the price of gasoline and heating fuels.
The following also will no longer be exempt from provincial sales tax:
What Will Remain Exempt? Basic groceries, rent fees, condo fees, prescription medication, and medical devices will remain non-taxable (PST and GST). Purchase of resale homes will remain exempt from PST …. however, the real estate transaction fees will be taxed. Will Household Expenses Rise? Yes, although the province says it will offer: When does the new tax begin? The new HST (Harmonized Sales Tax) will begin on July 1, 2010.
- Electricity
- Tobacco
- Personal services (haircuts)
- Membership fees for clubs and gyms
- Newspapers and magazines
- Taxi fares
- Lawyers', architects' and accountants' fees
- Real estate commissions will also be taxed
What is a Harmonized Sales Tax (HST)?