HST Rate Increase Canceled in Newfoundland & Labrador

Cancellation of the Harmonized Sales Tax Rate (HST) increase on April 30, 2015, the Government of Newfoundland and Labrador announced its intention to increase the rate of the Newfoundland and Labrador component of the Harmonized Sales Tax (HST) to a rate of $.010 effective January 1, 2016, resulting in an HST rate of $0.15. 

The Government of Newfoundland and Labrador has asked the Government of Canada to facilitate the cancellation of the proposed HST rate increase and the federal government has agreed. As a result, the HST rate will remain at $0.13 after December 31, 2015. 

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*https://www.fin.gov.nl.ca/fin/tax_programs_incentives/personal/hst.html." 14 Dec. 2015. Web.