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Blakes Explains HST Rules for Pension Plans

Posted by on Sep 4, 2010 in Retirement | 0 comments

On July 1, 2010, Ontario and British Columbia became the most recent provinces to adopt the Harmonized Sales Tax (HST), joining New Brunswick, Nova Scotia, and Newfoundland and Labrador as provinces where the HST is in effect. As a result of the adoption of the HST in Ontario and British Columbia, and the introduction of new place of supply rules for purposes of the Excise Tax Act (ETA), the tax treatment of pension plans has been significantly altered.

As the benefits community begins to wake up to the potential complexities for pension and other plans, a recent newsletter from the law firm Blakes clarified a number of issues specifically related to pension plans. READ MORE

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