A lot of people have been asking about the controversial Harmonized Sales Tax that is due to hit us in July of this year.  I came across a great article on the Muddy York Real Estate Blog which I believe answers a lot of questions regarding the HST.  Below I have shown a few paragraphs of the article and then followed with a link to the full article, if you are interested.  I hope it helps answer some of your questions:

THE HARMONIZED SALES TAX EXPLAINED

The long-standing controversy on bringing Ontario a Value Added Tax ended permanently on June 18, 2009, when the Ontario Provincial Government announced the implementation of the Harmonized Sales Tax (HST).  The effective date of this new tax will be July 1st, 2010.

This tax is called a Harmonized Sales Tax because it will effectively replace the 5% Federal Goods and Services Tax (GST) and the 8% Provincial Sales Tax (PST) thereby creating a combined 13% harmonized sales tax.

To read the full article, click on this link.

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