hst will revert back to pst/gst but there’s still e-blast_final.pdf · hst will revert back to...
TRANSCRIPT
M e t a l M a c h i n e r y S o l u t i o n s
w w w. e cco m a c h i n e r y. co m
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HST will revert back to PST/GST, but there’s still...
As of March 31, 2013
Buying a machine for your business before the PST/GST comes back is a smart move.If you are planning a capital expenditure for your business, make sure to purchase before March 31, 2013. Capital expenditures include any item that costs more than $500 and will last you for more than a year. Examples include: equipment, hardware, software, tools, and office furniture.
You will only pay the net cost of the item, and it will be reimbursed for all taxes due if your business is registered for HST and you owe the government on collected HST.
If you wait until after April 1, 2013 to make your purchase, the cost of the item to your business will increase – as you only get the GST back – by 7%!