How do I file RST in Ontario?
How do I file RST in Ontario?
You may file your return and make payment in one of the following ways: Electronically, using a financial institution’s Internet banking services to send your return, including a nil return. For more information, visit our website at ontario.ca/taxservices.
What is the retail sales tax in Ontario?
13%
Sales Tax Rates by Province
| Province | Type | Total Tax Rate |
|---|---|---|
| Ontario | HST | 13% |
| Prince Edward Island | HST | 15% |
| Quebec | GST + *QST | 14.975% |
| Saskatchewan | GST + PST | 11% |
Do you get sales tax back on returns?
The short answer to the question of whether it’s illegal not to refund sales tax is yes. If you bought something and paid sales tax for it, then you should receive that same sales tax back if you return the item.
What retail sales are taxable?
Retail sales of tangible items in California are generally subject to sales tax. Examples include furniture, giftware, toys, antiques and clothing. Some labor service and associated costs are subject to sales tax if they are involved in the creation or manufacturing of new personal property.
What is the difference between HST and RST?
On July 1, 2010, the Retail Sales Tax (RST) was replaced by the Harmonized Sales Tax (HST). The provincial portion of the HST is eight per cent and the federal portion is five per cent, for a combined HST rate of 13 per cent. RST continues to apply to: taxable insurance premiums, and.
Is PST and RST the same?
PST is a province-specific tax that is collected separately from the GST. In British Columbia and Saskatchewan, it is called simply PST; in Manitoba, the provincial tax is known as Retail Sales Tax (RST); and Quebec charges Quebec Sales Tax (QST).
Is RST and PST the same?
How do you handle sales tax on returns?
When you refund sales tax to a customer for a previous taxable period, states want you to file an amended return for that previous taxable period. You can then claim the credit back (i.e. the amount of sales tax you refunded) on that amended return.
Are retail accounts taxable?
You can generate as much capital gains, dividends or interest within the account and not have to pay any taxes. But you will need to pay ordinary income taxes on any money you withdraw from the account in the year you take the distribution.
What is not sale taxed?
Most states have sales tax to help generate revenue for its operations – but five states currently have no sales tax: Alaska, Delaware, Montana, New Hampshire, and Oregon.
Is rst same as PST?
Provincial Sales Tax (PST) PST is also called Retail Sales Tax (RST). The tax is collected at the provincial level. Each province could charge consumers differently.
What is PST RST QST?
Provincial Retail Sales Taxes (PST, RST, QST) Some provinces in Canada charge provincial sales tax on the purchase or lease of goods and services.
