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On December 14, 2009, the federal government released a backgrounder announcing its intention to propose amendments to the Excise Tax Act (the "ETA") that would explicitly exclude investment management services from the definition of "financial service" for GSTHST purposes
On November 16, 2009, Ontario introduced its HST legislation as part of Bill 218, An Act to implement 2009 Budget measures and to enact, amend or repeal various Acts ("Bill 218"
The Department of Finance released today proposed changes to the Harmonized Sales Tax (HST) rules intended to provide for a level playing field for financial institutions in terms of where they locate their business premises and where they purchase their business inputs
On January 28, 2011, the Department of Finance released its initial response to industry calls for clarification and modification of proposed draft legislation and regulations in respect of the harmonized sales tax ("HST") by financial institutions
On August 26, 2011, the B.C. government announced that it will reinstate the combined 12 GSTPST tax system in the province following a referendum earlier in the month in which a majority of B.C. residents voted to scrap the HST system that has been in operation since July 1, 2010
