Harmonized Sales Tax (HST)
Effective July 1, 2010 the Ontario Retail Sales Tax (PST) has been replaced with a value added tax (OVAT) and combined with the federal goods & services tax (GST) to create a federally administered Harmonized Sales Tax (HST). The new Ontario HST will be encompassing a provincial component (OVAT) at 8% and a federal component (GST) at 5%, for a combined HST rate of 13%. (e.g. 13% HST = 5% GST + 8% OVAT)
The Local Fee will be used to offset a myriad of business costs, including but not limited to: marketing, development, and infrastructure expenses. Funds collected may be used for maintenance and improvement, health and safety resources and administration costs. It is at the sole discretion of each restaurant to apply such a fee. Furthermore, a portion of this fee is used to offset a levy for the Fallsview BIA. Among other things, the Fallsview BIA is responsible for: street-scaping, public space beautification, communication infrastructure, site development, community planning, and convention centre funding.