HST Transition Credit for Small Business
The Ontario government is providing one-time assistance to small businesses who have to make change to their POS and accounting systems for the upcoming Harmonized Sales Tax (HST) that comes into effect in Ontario on July 1, 2010.
This website and download information can help a small businesses understand if they are eligible for a small business transition support payment called “Small Business Transition Credit”.
Ontario HST Website
Ontario HST Rate Table
Here’s the PDF that describes how the Harmonized Sales Tax (HST) on different goods and services. It describes what is taxable and what is not. The Ontario HST comes into effect July 1, 2010.
HST Rate Table
Canada targets small business financing needs
Reuters – The Business Development Bank of Canada will make $500-million available to small and medium-sized businesses over three years to buy equipment get on-board with the recovery of the economy.