WOW, is there really good news regarding taxes? For me there is! HST will be implemented on July 1st and when doing my inquiring about how Melon Patch Quilts should get ready for it, I found out that the GST rules are the rules they will use for the new HST.
THE GOOD NEWS IS..... businesses that currently do not collect GST are not required to collect HST. PST is being eliminated by the HST therefore I do not have to collect any tax starting July 1st. (HST, PST or GST)
That will be a welcome change for anyone paying for their quilts! And no additional paperwork for me.
WOO HOO
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