On July 1, 2010 the HST will come into effect in BC (can anyone have missed this with all the media coverage it has received).
For charities and some non-profits (those receiving more than 40% of their revenue from the province) who currently receive a GST rebate, this will mean a change in the rebate calculation.
The province has set the PST portion of the HST rebate at 57% for charities. Thus when paying an invoice, the rebate will be calculated by taking 57% of the 7% PST portion and 50% of the 5% GST portion (as you do currently) and adding these together.
A …
[Continue reading Charities and the HST Rebate]
