Retail sales tax ontario act

Ontario Retail Sales Tax with Commentary consolidates the full text of the Ontario Retail Sales Tax Act and Regulations and includes current Retail Sales Tax Guides, Information Bulletins, Legislation Bulletins, and Information Notices. The expert commentary, by the firm of Ryan, reflects the most recent changes, including changes announced in the 2007 Ontario Budget. The content is current to July 31, 2007.

Topics covered include specific applications of Ontario sales tax, exemptions, refunds, vendor responsibilities, audits, assessments, and appeals. Also includes the full text of the Ontario Retail Sales Tax Act, amended to the date of publication, as well as Regulations under the Act, and relevant secondary documents such as bulletins, guides, pointers, and interpretation letters. This edition also includes new quick reference charts.

• Quick reference charts, including an overview of taxable and exempt goods and services; and
• FAQs, frequently asked questions, and answers highlighted throughout the commentary.

• the application of sales tax to computer software and related services;
• the rules pertaining to purchase exemption certificates;
• the rules pertaining to related party transactions;
• consequential to the change in the GST rate;
• to various exemptions and rebates; and
• 2005, 2006, and 2007 Ontario Budget changes.

• Forward
• Summary of Amendments
• Quick Reference Charts
• Ontario Retail Sales Tax Commentary
• Retail Sales Tax Act
• Regulation 1012 – Definitions, Exemptions and Rebates
• Regulation 1013 – General
• Regulation 10/03 – Rebate for Energy-Efficient Appliances
• Retail Sales Tax Information Notices
• Retail Sales Tax Guides
• Small Business Pointers and Small Business Guide
• Retail Sales Tax Interpretation Letters
• Ministry of Revenue Tax Offices
• Topical Index