Ontario Update: Preparing for the Harmonized Sales Tax

In March 2009, the Ontario government announced that it would be harmonizing its PST with the federal GST in order to create a single consumption tax of 13% effective July 1, 2010 ("Harmonized Sales Tax" or "HST"). Other provinces have previously implemented a similar regime or are about to follow suit.  The change brings with it the need for both landlords and tenants to understand and plan. From a leasing perspective, that includes ensuring that their leases adequately address the new system.

Read the full article here: Ontario Update - Preparing for the Harmonized Sales Tax- September 9-2009