[BCMA] HST question

[Moderated BCMA subscriber listserv.]

On the CRA website it states that if you qualified to be exempt from 
charging GST you are also exempt from HST. I understand  that to mean that 
we are tax free in our gift shops. A bonus from the government!

Lori
Shawnigan Lake Museum
PO Box 331
1775 Shawnigan-Mill Bay Road
Shawnigan Lake, B.C.  V0R 2W0
250-743-8675
http:/www.shawniganlakemuseum.com
----- Original Message ----- 
From: "Moderated BCMA subscriber listserv." <bcma at lists.vvv.com>
To: <bcma at lists.vvv.com>
Sent: Tuesday, July 06, 2010 8:52 AM
Subject: Re: [BCMA] HST question


>  Thanks for the information, Steven.  But more than rebates, I'm
> concerned about what to charge on goods and services.  If we have never
> been registered for GST, and have less than $30,000 per year in combined
> sales and service income, do we just charge no tax at all?
>
> Val Patenaude
> Director
> Maple Ridge Museum & Archives
> Haney House Museum
>
> On 05/07/2010 3:35 PM, Moderated BCMA subscriber listserv. wrote:
>> Hello Ron,
>>
>> I work part-time as a bookkeeper for a nonprofit, when I'm not working
>> at the library, that is similar in that less than $30,000 in sales.
>> All we had been allowed to do in the past was to claim half back on
>> GST and with the HST we continue to claim half back GST and slightly
>> over half of the PST portion of HST for supplies used by the
>> organization. So before HST we collected 2.5% back now we would claim
>> about 6% back. Of course the amounts might be different for you as
>> there are categories listed on the CRA site and these numbers just
>> applied for the organization I work for. Here is a link to a table on
>> the CRA website with percentages to use for public service bodies.
>> http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/rbts/psb/menu-eng.html
>>
>> You can also call the CRA and talk to someone about your specific
>> situation for free, you just might have to wait awhile to get through
>> on the phone.
>>
>> In terms of your balance sheet accounts I would just add a new one of
>> hst payable and hst receivable. You do not need to separate the
>> portions of the hst as the CRA will calculate that based on what group
>> your organization is under.
>>
>> Hope this helps.
>>
>> Steven Wong
>> Assistant Librarian
>> Alert Bay Public Library&  Museum
>>
>> Quoting "Moderated BCMA subscriber listserv."<bcma at lists.vvv.com>:
>>
>>> Hello all:
>>> Before HST, gift shops in museums that had less than $30,000 in annual 
>>> sales
>>> did not have to charge PST or GST on books. Does this exemption still 
>>> exist
>>> or should we charging HST, GST, or PST on book sales? Our gift shop 
>>> sells
>>> less than $30,000/year. I can't find any answers on the HST sites.
>>> Thanks. Ron
>>>
>>>
>>> Ron Denman
>>> Director
>>> Chilliwack Museum and Archives
>>> 45820 Spadina Avenue
>>> Chilliwack, BC V2P 1T3
>>> Phone: 604-795-5210
>>>   <http://www.chilliwackmuseum.ca/>  www.chilliwackmuseum.ca
>>>
>>>
>>
>>
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