Prince Edward Island Signs Agreement to Implement HST

Prince Edward Island (P.E.I.) and the Canadian government have signed an agreement stating that P.E.I. will implement the harmonized sales tax (HST) next year. The 14% HST is scheduled to take effect on April 1, 2013 and will replace the current combined GST and PST rate of 15.5%. (Memorandum of Agreement Concerning a Canada-Prince Edward Island Comprehensive Integrated Tax Co-ordination Agreement, May 2012)

Posted on July 24, 2012