Volunteer Victoria » HST http://volunteervictoria.bc.ca/blog Connect to What Matters...Volunteer! Thu, 10 May 2012 22:19:21 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Charities and the HST Rebate http://volunteervictoria.bc.ca/blog/2010/06/22/charities-and-the-hst-rebate/ http://volunteervictoria.bc.ca/blog/2010/06/22/charities-and-the-hst-rebate/#comments Tue, 22 Jun 2010 16:55:09 +0000 volvic http://volunteervictoria.bc.ca/blog/?p=956     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 quick look ...

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