What rate of american dream house sweepstakes tax do I charge on this sale?
The lease payment for my car is due December 15, 2007, but I will not pay it until on or after January 1, 2008.
When you use the Simplified Method for Accounting for ITCs and you make purchases in both participating and non-participating provinces, you currently have to separate your purchases that are taxable at 6 from those taxable.
FNT has been imposed on a number of the Indian reserves that we deliver fuel.A payment made in 2007 will be taxable at 6 GST or 14 HST, even if the transportation service will be provided in 2008.The GST/HST is then included in your net tax calculation on your last return as a registrant.For that part of the reporting period prior to January 1, 2008, you will be required to charge and collect 14 HST on the consideration for taxable (other than zero-rated) supplies, and you will be entitled to an ITC equal to 14/114 of the coupon value.Liability for WET on subsequent dealing.The following tables reflect the current and new Quick Method remittance rates for small business.Since the written agreement of purchase and sale was entered into after October 30, 2007, and both ownership and possession will be transferred after January 1, 2008, the reduced rates of 5 GST or 13 HST will apply.Since the credit card statement will not be issued until on or after January 1, 2008 what rate of tax will I pay?In November 2007, a corporation enters into a long-term fixed-price contract with a registrant, including GST/HST, for the maintenance and renovation of several buildings owned by the corporation.If either ownership or possession of the commercial building is transferred before January 1, 2008, the taxable purchase of the commercial building is subject to 6 GST or 14 HST.As a result, I charge and collect 14 HST on the consideration payable for the supply prezzo harrogate vouchers and then claim an ITC equal to 14/114 of the coupon value.My customer made a partial payment of 100 in 2007 for services that were performed after January 1, 2008.What rate of tax will apply on this invoice for my services?The amount of the reduced rate of HST on a tax-included price is 13/113 of the price.The supplier (i.e., the utility) reconciles my actual consumption of the utility service and the amount that would have been payable on that consumption against the amount I actually paid throughout the period.A deposit is not treated as a payment for a supply until the supplier applies it against the consideration for the supply.When are the new rates of GST and HST effective?The house is completed in May 2008.The builder issues a separate invoice for the upgrade on February 12, 2008, and the purchaser pays the amount directly to the builder on the following day.What rate of tax applies to these payments?
The prices of goods from a coin-operated device, such as a vending machine, include GST/HST, and you are considered to have collected the tax at the time you remove the money from the coin-operated device.
How does the individual calculate the maximum new housing rebate for which they are eligible?