IN ONTARIO RETAILS SALES TAX CLEARANCE CERTIFICATES ARE STILL REQUIRED
Ontario has had harmonized sales tax (“HST”) since July 1, 2010. Ontario Retail Sales Tax formed a lien against the assets of a business if they were sold unless a Clearance Certificate was obtained from the Retail Sales Tax Office prior to closing.
A Retail Sales Tax Clearance Certificate is still required for any sale of all or substantially all of the assets of a business, even if it closed after the HST came into effect in Ontario.
The attached link sets out the Retail Sales Tax Clearance Certificate requirements –
http://www.rev.gov.on.ca/en/taxtips/hst/14.html
CONTACT US
Feel free to contact us at any point for assistance or advice related to Business or Corporate Law. We may be reached at 705-435-4339
/ 1-877-85LEGAL (1-877-855-3425) or contact us via email.
