HST will exempt some small businesses
CBC News
Posted: Dec 10, 2012 8:14 AM AT
Last Updated: Dec 10, 2012 9:12 AM AT
Related
Related Stories
Some small business owners on P.E.I. are looking forward to not having to deal with sales taxes after the HST is introduced in April.
'[That] certainly will give us an advantage in attracting visitors.'— Bruce Craig, B & B owner
Businesses with revenues under $30,000 a year do not have to register for HST. Currently those businesses can opt out of the GST system, but they have to collect provincial sales tax.
Bruce Craig and his wife Patricia operate the Harbourlights Guest House in North Lake, and at first they were skeptical when told they could stop charging sales tax.
"Our initial thought was that we were going to have to collect HST, which was going to raise the cost of visitors staying at our place," said Bruce Craig.
"Now apparently we won't be collecting any tax at all, and [that] certainly will give us an advantage in attracting visitors."
Businesses that choose not to collect HST won't be able to take advantage of claiming back the tax on their expenses.
Share Tools
Latest Prince Edward Island News Headlines
- Petition calls for fisheries minister resignation
- A group of fishermen, angry over the low price of lobster and the P.E.I. government's response to it, have signed a petition demanding the resignation of Fisheries Minister Ron MacKinley. more »
- Anne of Green Gables preview
- Katie Kerr and Jessica Gallant, a new Anne and a new Diana, provide a preview of Kindred Spirits in rehearsal for Anne of Green Gables: The Musical. more »
- Advocate fundraises to help male sexual abuse survivors
- A P.E.I. man is fundraising for a creative writing workshop to help male victims of sexual assault. more »
- Five-minute flurry
- Island hockey gets its house in order, an NBA playoff prediction, and a surprise at the U.S. Open. more »
Must Watch
Top News Headlines
- Most groups don't want return of Trudeau speaking fees
- Most of the 17 charitable and other organizations that have paid speaking fees to Liberal Leader Justin Trudeau during his time as an MP say they aren't interested in having their fees returned, despite Trudeau's offer on the weekend to reimburse any organization unhappy with his services. more »
- Are e-cigarettes safe to puff?
- As electronic or e-cigarettes grow in popularity, some health advocates want them to be regulated. more »
- Canada to send peacekeeping troops to Haiti
- A handful of Canadian troops are about to take part in peacekeeping operation in Haiti, under the command of Brazilian forces, in a long-delayed mission that has been kept inexplicably low on the political radar. more »
- Google asks secret court to lift gag on surveillance
- Google is asking the secretive Foreign Intelligence Surveillance Court to lift its long-standing gag order on how often the company is asked to turn over data about its customers to the U.S. government. more »
- Founders Hall to close after 2014
- Petition calls for fisheries minister resignation
- Shot fired after domestic dispute: RCMP
- Celiacs, diabetics face hard food bank choices
- Island hockey teams hope to focus on the ice
- P.E.I. housing prices to climb steadily
- School calendar for 2013-14 still uncertain
- Five-minute flurry
- Anne of Green Gables preview
