DCHP-2

harmonized sales tax Harmonized Sales Tax, HST DCHP-2 (June 2016)

• n. — Finance, Administration

  a value-added tax that combines the provincial sales tax (PST) and the federal goods and services tax (GST).

  Type: 1. Origin — This tax was first introduced in 1996 in New Brunswick, Newfoundland and Labrador, and Nova Scotia and in 2010 in Ontario and British Columbia. In 2013, HST was eliminated in BC after a referendum (see the 2011 quotation), while PEI joined the HST. Chart 1 shows that Harmonized Sales Tax is overwhelmingly more frequent in Canada than abroad. Instances of the term in the US usually occur in discussions of the Canadian tax. See also the Maple Leaf Web reference.
  See also COD-2, which labels the term "Cdn".

  See also: goods and services tax  GST  HST  provincial sales tax  

  • The initialism HST is the preferred term.