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April 30, 2021

Ontario’s HST kicks in two months early

Talk about sneaky.

Although Ontario's new HST doesn't officially come into effect until July 1, many shoppers will have to deal with the revamped sales tax this weekend.

As of May 1, anyone buying goods or services that will actually be used after the HST kicks in will have to pay the extra sales tax – even though they're making the purchase two full months before the published deadline.

What it means is that on Saturday you’ll pay a 13%, instead of 5%, sales tax on things like airline or train tickets for fall travel, gym or golf memberships and theatre subscriptions.

Many businesses and entertainment outlets, such as the National Arts Centre in Ottawa, have been advising customers that they have a limited window to purchase their tickets without the added 8% tax.

And that window closes tonight.

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...