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By TreyS (registered) | Posted December 16, 2009 at 13:48:44
It generally doesn't matter to most people... because they'll be paying the same amount of tax when they buy a hair dryer from Walmart.
But for people that need to hire lawyers and accountants and pay office rent.... it matters.
I have a client across the border and I will be discounting my invoices by 8%. I will charge the HST and a give them a discount just to keep them happy. I'm eating that $ for dinner.
The VAT component is confusing because this is administered by Ontario, not Ottawa. How will it apply to doing business locally, provincially or internationally? I don't know? That'll be for my accountant to figure out.... who will also be charging me 8% more to figure that out.
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