Budgets: the following are articles on the most recent Budgets issued by the Federal and Provincial Governments of Canada. Articles on older budgets are archived and can be found on the "read more" pages. In our Articles we attempt to hightlight those items we think may be of particular interest or importance to our clients.
On March 26, 2009 the Ontario Government tabled its 2009 Budget. The Budget proposes to eliminate Ontario's retail sales tax and to adopt a federally administered single value-added sales tax ("harmonized tax") begining July 1, 2010. The harmonized tax will be comprised of the federal goods and services tax ("GST") of 5% and the former provincial retail sales tax of 8% for a combined rate of 13%.