Tuesday, June 29, 2010

Harmonized Sales Tax Changes

It's not often that you hear good news regarding taxes, but Stampin' Up has just sent out a bulletin regarding the Harmonized Sales Tax Changes and how they will affect Stampin' Up Customers and Demos in BC and Ontario.  So here goes. 

"Sales tax in Ontario and British Columbia is changing to what's known as a Harmonized Sales Tax (HST) effective July 1."  What does that mean for you?  Well for one thing,  "with this change, recruits in Ontario and British Columbia will no longer have to pay taxes on the Starter Kit. The tax on the kit will apply only to those provinces with a separate provincial sales tax."  For those of you holding off on becoming Demos.........are you yelling yahoo yet?????  In BC you are already paying 12% sales tax which is the equivalent of the HST, so there will be no change or increase to affect you.  And finally, Stampin' Up order forms won't be changing either,  as Canadian forms already have a place to indicate HST and the percentage. It's the same as before, you simply need to choose the appropriate tax for the place you live.   So I don't know if that makes you feel any better, but I know it makes me feel great!!  Just thought I'd share this with you.  Have a great day! 

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