Excise and GST/HST News, No. 104, July 2018
In general terms, ETA s. 154 excludes provincial sales tax from the consideration on which GST/HST is imposed if the sales tax is imposed at no more than the general sales tax rate for the province. B.C. is now imposing sales tax at 20% on cars sold for more than $150,000 and at 15% between $125,000 and $150,000. Thus the effect of ETA s. 154 is that GST is also charged on this B.C. sales tax.
|Locations of other summaries||Wordcount|
|Tax Topics - Excise Tax Act - Section 123 - Subsection 123(1) - Insurance Policy||261|
|Tax Topics - Excise Tax Act - Section 154 - Subsection 154(2)||GST on B.C. sales tax applicable to sales of expensive autos||217|
|Tax Topics - Excise Tax Act - Schedules - Schedule VI - Part II - Section 33||qualifying service animals||156|