Beginning July 1, 2010, the province of British Columbia created the Harmonized Sales Tax (HST) of 12 percent. For most businesses, the switch from the Goods and Services Tax (GST) to the HST is simple: whenever you would have charged GST, charge HST instead.
That may sound simple, but let’s face it: some of us glaze over when it comes to numbers and bookkeeping. And especially if you're just starting to freelance or if you're new to running your own business, it can seem like a daunting process.
We interviewed Galina Bazova, CMA, BSc, owner of PMH Accounting Services in Vancouver, to get a basic run-down of GST, HST and how to make sure that your business runs by the books.



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