HST Business Questionnaire Our economyis

HST Business Questionnaire
Our economy is built on the enterprising nature of Islanders. We have the second largest per capita share
of small and medium sized businesses in Canada. Through the implementation of the HST we will continue to
provide the support and competitive business environment that will attract, retain and grow this valuable sector.
Benefits of HST1
Most businesses will experience tax savings under HST.
Tax savings can be used to:
•
Increase bottom line
•
Re-invest in business and enhance economy
•
Reduce prices
Part II - Please answer the following questions:
1. What is the primary activity of your industry?
Part I - Please answer the following questions indicating
Yes (Y) or No (N).
1. Are the goods or services that your industry sells
taxable under GST rules at either 5% or 0%?
Yes (Y)
2. What are the main goods or services that your industry sells?
or No (N)
2. Are the goods or services that your industry sells
exempt under GST rules?
Yes (Y)
or No (N)
3. Are the goods or services that your industry sells
subject to revenue tax (PST)?
Yes (Y)
or No (N)
4. Are the items you purchase to be incorporated into
the goods and services you sell subject to PST?
Yes (Y)
or No (N)
3(a). The Province is implementing the HST in April 2013. What do
you perceive as the benefits of HST for your industry?
5. Does your industry regularly enter into contracts
for the sale of goods or services that span a period of
more than 30 days?
Yes (Y)
or No (N)
6. Are your customers primarily GST/HST registrants?
Yes (Y)
or No (N)
7. Is your industry group interested in having a face
to face meeting with officials from the Department
of Finance, Energy and Municipal Affairs? If yes,
please provide options (several dates and times) when
your group would be available to meet.
Yes (Y)
1
3(b). What do you perceive as negative consequences of HST for
your industry?
or No (N)
Reference: The Impact of Sales Tax Reform on Ontario Consumers: A First Look at the Evidence Michael Smart (http://www.fin.gov.on.ca/en/taxchange/smart.html)
When completed, please return this form to the attention of:
Lorne Bay
Manager - HST Implementation Project by:
Email:[email protected]
Fax:
(902) 620-3926
Mail:
Department of Finance, Energy and Municipal Affairs
HST Implementation Project
PO Box 1330
Charlottetown, PE C1A 7N1
Drop off:
1st Floor Shaw South
95 Rochford Street
Charlottetown, PE
This form is also available on our website at www.gov.pe.ca/hst and may be completed and filed on-line.
L’information sur la taxe de vente harmonisée est également disponible en français sur le site Web du gouvernement à l’adresse www.gov.pe.ca/hst
HST Business Questionnaire
Part II (continued) - Please answer the following questions:
4. One of the objectives of the Implementation Team is to develop rules for transition from GST/PST tax system to the HST tax
system. Transition rules ensure that there are no instances of double taxation or instances of tax gaps. For example, a transition rule
will be required in the construction industry for contracts that span both tax systems. In this regard, please list (or attach a list) of
areas in your industry that you feel may require transition rules.
5. In preparing material for one-on-one meetings it is useful to have a sample expense statement which represents your industry group.
Revenue and gross/net profit figures are not required. Detailed information on expense types and total annual expense for each type is
very useful. Please list expense types and total annual expense per type (or attach a spreadsheet) which represent your industry group.
Name of industry group:
Telephone number:
Fax number:
Contact name:
E-mail address:
When completed, please return this form to the attention of:
Lorne Bay
Manager - HST Implementation Project by:
Email:[email protected]
Fax:
(902) 620-3926
Mail:
Department of Finance, Energy and Municipal Affairs
HST Implementation Project
PO Box 1330
Charlottetown, PE C1A 7N1
Drop off:
1st Floor Shaw South
95 Rochford Street
Charlottetown, PE
This form is also available on our website at www.gov.pe.ca/hst and may be completed and filed on-line.
L’information sur la taxe de vente harmonisée est également disponible en français sur le site Web du gouvernement à l’adresse www.gov.pe.ca/hst