We are starting to set up sales tax for Canada and would like to determine how the HST Harmonised sales tax should be managed. I know there are some comments related to this but Is it possible someone can share or guide me on how to do it? Is HST (13%) replacing GST (5%) + PST (8%)? Should I create the HST on separate lines in the tax procedure?
Do these conditions remain and just add the new HST one?
JRC1 A/R Sales GST 120 MW5
Subtotal incl. GST
JRC2 A/R Sales PST 120 MW1
JRC3 A/R Sales PST B +PST 720 MW2
JRC4 A/R Sales PST B +PST 120 MW3
I appreciate any help and knowledge you can share.
Regards,
Esti
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