Month: May 2013

The following are examples of zero-rated supplies, e.g. taxable at 0%: Basic groceries such as milk, bread, and vegetable; Agricultural products such as grain, raw wool, and dried tobacco leaves; Most farm livestock; Most fishery products such as fish for human consumption; Prescription drugs and drug-dispensing services; Certain medical devices such as hearing aids and…

In participating provinces, you pay HST rates for most of the product or services you buy. However, a point-of-sale rebate of the provincial part of HST is available for certain items. For these qualifying items, you only need to pay 5% federal part of the HST. The following items qualify for the point-of-sale rebate:

If you or your spouse or common-law partner carried on a business (other than a business whose expenditure are primarily in connection with a tax shelter), your return has to be filed on or before June 15.

Non-residents who receive rental income may choose to file a section 216 election to pay less tax. There are specific rules regarding when the tax return is due in order for the election to be valid.