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Topic: Provincial Sales Tax

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	Taxation - MSN Encarta
		General sales taxes and excise taxes are the largest sources of revenue for state and local governments in the United States, accounting for about 36 percent of their total tax revenues.
		State sales taxes range from 3 to 7 percent, and local sales taxes range from a fraction of 1 percent to 7 percent.
		Excise taxes are applied either on a per unit basis, such as per package of cigarettes or per liter or gallon of gasoline, or as a fixed percentage of the sales price.
	encarta.msn.com /encyclopedia_761573037_2/Taxation.html (1025 words)

	Policy on the Collection and Remittance of Provincial Sales Taxes (Application of Reciprocal Taxation Agreements and ...
		Provincial sales taxes include all taxes and fees levied by the appropriate provincial and territorial governments and are classified as follows.
		A general sales tax is considered to be a tax of general application payable by the purchaser on the value of goods, property or services acquired, and is levied under a provincial retail sales tax statute or its equivalent.
		No general sales taxes are paid and the provincial sales tax license number applicable to the particular provinces must appear on all purchase documents at the time of the purchase made directly on behalf of a department or agency.
	www.tbs-sct.gc.ca /pubs_pol/dcgpubs/tbm_142/PST-PR_e.asp?printable=True (5077 words)

	Implementing a Harmonized Value-Added Sales Tax: 2
		However, in recognition of the reduced tax policy flexibility for both levels of government in the context of sales tax harmonization, the federal government has offered to provide harmonizing provinces with additional flexibility in the design of provincial personal income taxes in the future, should they wish to use it.
		Harmonizing sales taxes of the three provinces is not expected to have a significant impact on the consumer price index (CPI) in the three harmonizing provinces and virtually no impact on the national CPI.
		The new harmonized tax will in fact strengthen the incentive to operate within the sales tax system by increasing the size of tax credits that businesses can claim for the tax paid on their purchases of items used to make their products and run their operations.
	www.fin.gc.ca /GSTOV/GSTBA1BE.html (2934 words)

	Sales tax - Wikipedia, the free encyclopedia
		Sales tax collection is well established in nearly all retail establishments and typically has a high tax compliance record in the United States.
		Sales taxes are considered by some as regressive, that is, low income people tend to pay a greater percentage of their income in sales tax than higher income people, because they tend to spend a higher percentage of their income on taxed items.
		For example, sales tax in Chicago is 9%, consisting of 5% state, 2.25% city, 0.75% county and 1% regional transportation authority and that in Baton Rouge, Louisiana is 9%, consisting of 4% state and 5% local rate.
	en.wikipedia.org /wiki/Sales_tax (837 words)

	THETAXGLOSSARY.COM: Taxation in Canada
		The provincial sales taxes of Nova Scotia, New Brunswick and Newfoundland and Labrador are harmonized with the GST.
		Provincial personal income taxes on behalf of all provinces except Quebec, so that individuals outside of Quebec file only one set of tax forms each year for their federal and provincial income taxes.
		Provincial sales taxes in New Brunswick, Nova Scotia and Newfoundland and Labrador.
	www.thetaxglossary.com /canada.html (1600 words)

	Towards Replacing the Goods & Services Tax: 1
		For example, businesses operating under a harmonized sales tax system would use a single set of operating rules for sales tax purposes and would be required to fill out fewer forms.
		For example, a fully harmonized sales tax with a single rate and a common base facilitates the development of new sales tax accounting systems, which could eliminate most of the current compliance burden on small business.
		In addition, as part of the government's ongoing changes to simplify the operation of the federal sales tax for Canadian taxpayers, Revenue Canada is reducing the number of forms required to calculate sales tax in certain circumstances and is studying the harmonization of administrative measures for all federal taxes.
	www.fin.gc.ca /GSTOV/gstov1e.html (1662 words)

	Provincial Sales Tax - PST (Site not responding. Last check: 2007-10-19)
		Sales taxes (like those employed in the various Canadian provincial PST systems) is generally levied on the sale, or importation into a province, of tangible personal property, and a limited range of services for final consumption or use within a particular province.
		Although PST is imposed on the purchaser, provincial vendors are generally required to register to collect and remit the PST to the applicable provincial government.
		While the generally stated tax base in each of the five PST provinces is therefore fairly consistent, the differences lie in the details of the particular systems.
	www.taxandtradelaw.com /Introduction_to_PST.html (602 words)

	Montreal, QE, Canada
		This change can be attributed to a 1.0% increase in Quebec's provincial sales tax in 1998, an increase in the airport access fee (from 10.50% to 11.73% in 2001), and the introduction of an air conditioning recovery surcharge and vehicle licensing fee in 2001.
		This change can be attributed to an increase in Quebec's provincial sales tax on lodging, which was increased from 6.5% to 8.0% in 1998, and to the introduction of a C$ 2.00 per night lodging tax in 1997.
		The lodging tax was increased from 6.5% to 8.0%.
	traveltax.msu.edu /barometer/montreal.htm (874 words)

	is99-0324-04
		The issue is of provincial sales tax application to include additional business inputs relative to the trucking industry is of significant interest to the Ontario trucking industry and in turn to the competitiveness of the Ontario economy overall.
		In one fell swoop, Ontario motor carriers were hit with a new 5% sales tax on vehicle insurance premiums and the extension of the 8% provincial retail sales tax to warranty repairs.
		Moreover, rather that correct tax policy which is clearly unfair, the government is poised to receive another windfall from sales taxes on warranty and non-warranty repairs.
	www.ontruck.org /issues/docs/is99-0324-04.htm (780 words)

	Accountancy Article:Sales Tax Laws - Technical and Other Lacunas
		It was being administered in the provinces of Punjab and Sind as provincial levy.
		Taxes on the sales and purchases of goods imported, exported, produced, manufactured or consumed can be levied under Federal Legislature as mentioned in Part I of Fourth Schedule attached to the Constitution of Pakistan 1973.
		The said Sales Tax Act and Rules should be complete in all respect and should be updated with all subsequent changes taking place and their users should not required to move around to hunt and collect relevant and applicable SRO.
	www.accountancy.com.pk /articles.asp?id=135 (4262 words)

	Saskatchewan Finance Provincial Sales Tax Common Questions
		Tax should not be billed to or collected from the contractor’s customers on the materials or labour charges used in carrying out a supply and install contract.
		The tax paid by the contractor on supplies and materials may be included in the amount billed to the customer, but the tax should not be listed or collected as a separate charge to the contractor’s customers.
		The tax portion of uncollectible accounts may be claimed as a deduction from the PST to be remitted by a vendor.
	www.gov.sk.ca /finance/revenue/pst/questions.htm (1652 words)

	Provincial Sales Tax & Used Goods
		Provincial Sales Tax (PST) is a 7% tax that is applied to the purchase, importation or rental of certain goods and services.
		The tax that is collected from the sale of used goods, along with provincial sales tax collected on other goods and services is used for the raising of general revenue for the province.
		PST is applied a little differently to the purchase of new and used vehicles.
	www.plea.org /freepubs/newspaper/pst.htm (683 words)

	D17-1-22 - Accounting for the Harmonized Sales Tax, Provincial Sales Taxes, Provincial Tobacco Taxes, and Alcohol ... (Site not responding. Last check: 2007-10-19)
		The HST and the PST are calculated off-entry and accounted for on a separate line using “dummy” classification numbers specific to the province as listed in Appendix A. For the calculation and rates of the applicable PST, please refer to Appendix A to Memorandum D2-3-6.
		Provincial taxes, and HST, where applicable, are accounted for using the “dummy” classification numbers listed in Appendix A. The rates and calculation formula for provincial tobacco tax are found in Appendix A to Memorandum D2-3-6.
		Provincial taxes and/or HST are accounted for using the “dummy” classification numbers listed in Appendix A. The rates and calculation formula for alcohol markup/fee are found in Appendix B to Memorandum D2-3-6.
	www.cbsa-asfc.gc.ca /E/pub/cm/d17-1-22/d17-1-22-e.html (1768 words)

	Vancouver, B.C., Canada
		The index was also affected by a half-percent increase in the provincial sales tax in 2002.
		Summary: Taxes on restaurant meals in Vancouver have risen 7% since 1994, the result of a 0.5% increase in the provincial sales tax.
		British Columbia’s provincial sales tax was increased from 7.0% to 7.5%, affecting restaurants and car rentals.
	www.traveltax.msu.edu /barometer/vancouver.htm (768 words)

	taxtips.ca - Provincial Sales Taxes
		When both GST and provincial sales tax are applicable to a sale, the amounts of each should be shown separately on the cash register tape or invoice.
		Instead of charging a provincial retail sales tax as well as GST, only the HST is charged, at a rate of 15% (14% effective July 1, 2006).
		The sales tax of the destination province may be charged, if the seller has a business presence in that province.
	www.taxtips.ca /provincial_sales_tax.htm (1166 words)

	Sales Taxes and Duties
		The Tax Analyst examines and interprets all Federal Legislation (Excise Act, Excise Tax Act) and Provincial Legislation (Ontario Retail Sales Tax Act) relative to all University operations and is responsible for all communications and negotiations with Federal and Provincial Tax authorities.
		Provincial Sales Tax is an 8% tax imposed by the Provincial Government at the retail price level and is in addition to all other taxes.
		There is, however, an exemption of the Provincial Sales Tax on the purchase and repair of some equipment that is designed for and used exclusively in research and will not be diverted to any other use for a period of 3 years.
	www.uwo.ca /finance/general/tax.html (920 words)

	Canadian Sales and Commodity Tax Consultants, specializing in GST,PST tax recoveries and tax reviews for First Nations, ...
		Sales Taxes; Fuel Taxes; Tobacco and Alcohol Taxes; Duties and Excises are all indirect "Goods Taxes" – and normally occasion an immediate demand on your organizational cash position.
		Our research and development of new Federal and Provincial tax issues is ongoing and has given us the necessary skills to evaluate and pursue potential issues on behalf of our clients in a manner that ensures claims are related only to solid issues.
		Should a tax authority audit our client and have questions or concerns regarding any claims initiated by our firm, we provide a consultant on-site to meet with the client and the auditor at no cost to the client.
	www.sales-tax-consultants.com (1899 words)

	KPMG in Canada \| KPMG Enterprise - Are You Paying Too Much Provincial Sales Tax? (Site not responding. Last check: 2007-10-19)
		Quebec has harmonized its sales tax system to operate as a value-added tax, and the provinces of Nova Scotia, New Brunswick and Newfoundland have fully harmonized with the GST and levy a Harmonized Sales Tax (HST) of 15 per cent instead of separate GST and PST levies.
		As a consumption tax, PST is imposed on those goods and services that are consumed in the province.
		The basic premise of a consumption tax is that the tax is imposed on the final consumer.
	www.kpmg.ca /en/services/enterprise/issuesTaxPST.html (561 words)

	'Collection' emerges as criterion: GST distribution -DAWN - Business; 21 May, 2004
		This principle of making tax collection as the basis should also be applied in case of disbursement of provincial sales tax on the services also.
		The services identified for generation of provincial sales tax are stock exchange operations, a host of financial services of banks, modarabas, leasing, trade transactions, medical practitioners, pharmacists, chartered accountants, lawyers, tax practitioners, educational institutions charging more than Rs1,500 per month fees, pathological laboratories, specialised diagnostic centres, interior decorators, real estate property dealers, jewellers.
		In 1999, the octroi and zila tax was abolished and federal government increased GST rate from 12.5 per cent to 15 per cent with a firm promise that 2.5 per cent GST would be given to the provinces to compensate for octroi and zila tax on the basis of actual collection.
	www.dawn.com /2004/05/21/ebr4.htm (731 words)

	110 Sales Taxes (Site not responding. Last check: 2007-10-19)
		PST is paid by the final consumer only, so when a sale is made, the retailer acts as tax collector for the province, and records the PST in a separate liability account called PST Payable.
		Notice that the PST is not recorded separately on purchases, but is included in the cost of the asset, Office Furniture.
		Notice that the PST is recorded separately on sales, as is the GST because these taxes must be remitted to the respective governments.
	www.bus.camosun.bc.ca /~berry/acct110/110tax.htm (474 words)

	Provincial sales tax and GST harmonization - goods and services tax - Tax Executives Institute Tax Executive, The - ...
		The letters from TEI President Linda B. Burke reminded the provincial ministers of the enormous administrative and compliance costs associated with maintaining separate provincial retail sales tax systems and urged them to move toward the adoption of consumption tax systems that were fully harmonized with the federal GST.
		Tax Executives Institute, Inc. is an international organization of approximately 5,000 professionals who are responsible--in an executive, administrative, or managerial capacity--for the tax affairs of the corporations and other businesses by which they are employed.
		TEI has historically been concerned with issues of tax policy and administration and is dedicated to working with government agencies in Ottawa (and Washington), as well as in the provinces (and the states), to reduce the costs and burdens of tax compliance and administration to our common benefit.
	www.findarticles.com /p/articles/mi_m6552/is_n6_46/ai_15982393 (837 words)

	Windsor Canada, Taxes & G.S.T. Refund Information, wonline.com (Site not responding. Last check: 2007-10-19)
		There is an 8% Provincial Sales Tax (PST), a 7 % federal value-added General Services Tax (GST), special taxes on food and liquor in restaurants, and a room tax on visitor accommodation.
		Visitors from outside Canada may claim a refund of the seven per cent federal GST (Goods and Services Tax) on accumulated purchases of a minimum of $200, provided that each receipt is at least $50 in goods before tax and that the goods are taken out of Canada within 60 days of purchase.
		The eight per cent Ontario Retail Sales Tax is only refunded on purchases with a retail value of at least $625 before taxes are applied.
	www.wonline.com /taxes.html (768 words)

	Vancouver: Tax system
		The tax and the annual tax form is submitted to the federal government in Ottawa, although the income tax is really based on two rates: the federal income tax rate and the provincial income tax rate.
		The provincial income tax is pegged to the federal tax and I think the current rate is 45% of the federal rate.
		Additional taxes are charged in the form of service fees for things like business licenses, dog licenses, property tax and more by the municipal government.
	en.allexperts.com /q/Vancouver-3061/Tax-system.htm (574 words)

	A Federal-Provincial Sales Tax for Newfoundland and Labrador
		A Federal-Provincial Sales Tax for Newfoundland and Labrador
		The harmonized sales tax rate of 15 per cent will be four percentage points lower than the current combined rate, but because of tax paid on tax in the current system, the real drop will be almost 5 percentage points
		A harmonized tax will be fairer because it will tax a a business that makes something at the same rate as a business that provides a service.
	home.thezone.net /TheZone/bhickey/gst4.html (738 words)

	Provincial Sales Tax
		One of the key goals for the provincial government must be to ensure they maintain a competitive taxation regime in relation to other jurisdictions, particularly Alberta and Ontario.
		Further to this, PST is considered by some as a regressive consumption based tax which hit the lower income groups relative to those in higher income groups.
		A continuing lowering of the sales tax rate by 0.5% a year for the next several years would reduce the incentive for sales to leave border communities resulting in sales (and tax revenues) retained in the province and more income left in consumers hands to spend.
	www.bcchamber.org /Policy_and_Positions/Provincial_Policy_Statements/Finance/Provincial_Sales_Tax.aspx (443 words)

	The Accounts Payable Network - Canadian Tax Issues
		The Retail Sales Tax Act is the legal authority that provides guidelines on the application of the 7 percent RST applied to retail sales and rental of most tangible personal property and certain services in Manitoba.
		The Revenue Tax Act, administered by The Taxation and Property Records office is the legal authority that provides guidelines on the application of the Revenue Tax (PST) to purchases of taxable goods and services with in Prince Edward Island.
		The Provincial Sales Tax in Quebec is referred to as the Quebec Sales Tax (QST).
	www.theaccountspayablenetwork.com /html/modules.php?name=articles&new_topic=84 (460 words)

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