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#372932 04/08/10 07:06 PM
Joined: Oct 2003
Posts: 2,461
K
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The PM mentioned a moratorium on gst in the House for tourism, and although not clear what that entails, think it means anything sold before April 1 with services scheduled for delivery after April 1st, will be subject to 10% gst. I'm not sure how they will require we determine that, I think most realistic to assume full payment or a deposit was taken before April 1 and not sure how many upcoming months that will cover, but assume til May. I assume they are formulating that now and will be announced by gst in a few days. I can't tell anyone how to proceed with gst payments for March, but I'm configuring at 12.5% and assume, if I'm right, I can apply the overpayment to next months gst payment. I believe this covers land sales with contracts signed before and where installment payments were made before April 1. But I'm only assuming.


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Katie Valk #372961 04/09/10 07:33 AM
Joined: Oct 2001
Posts: 6,267
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What a mess.

Diane Campbell #372975 04/09/10 08:49 AM
Joined: Oct 2008
Posts: 48
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Can you/would you suggest any way to find out? I have property that falls in that "tween" time.

julie babcock #373003 04/09/10 02:55 PM
Joined: Jan 2003
Posts: 7,479
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What defines tourism? Every one of my clients is a tourist so would that mean my business falls under tourism? I've changed over to 12.5% but clients who booked for this month on our old order form are getting charged at 10% and I'm just taking the hit. I wish they would get this sorted out.


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