Resident Camp and the HST
Register and pay early for a 7% saving.
Resident Camp fees paid in full before May 1, 2010, only have to pay GST (5%).
After May 1, 2010, the HST (12%) will be applied to all Resident Camp programs.
Pay early and take advantage of 7% savings!
Q: What is the HST?
A: The HST, or Harmonized Sales Tax, is a new tax on goods and services that is being proposed by the B.C. Provincial Government. It would replace the GST and PST and be equal to the combined rates of those two taxes (12%).
Under the HST, many goods and services, like Resident Camp, that previously incurred only the 5% GST would be taxed at the new 12% rate. It's supposed to be good for business which can ultimately claim larger rebates, which, in turn, is supposed to be good for individuals - the trickle down effect - jobs, lower prices, and a robust economy.
Of course, this remains to be seen.
Q: What is the proposed date for implementation of the HST in B.C.?
A: July 1, 2010
Q: What is the rate of the proposed HST?
A: The HST rate being proposed is 12%, a combination of the current GST (5%) and PST (7%) rates.
Q: If the HST is implemented in B.C., will Resident Camp fees be affected?
A: Yes. Services in B.C. that already incur the GST, such as Resident Camp, will also be charged HST.
Q: When will HST on Resident Camp fees begin to be applied?
A: Resident Camp Fees that are paid in full on or before April 30, 2010 will only be charged GST.
After April 30, 2010, Resident Camp fees will be charged HST.
Q: When can I expect my refund?
A: Refunds will be issued as quickly as possible. If you have paid your fees in full, you should expect to see your refund by May 1, 2010.
Q: What if I pay by installment?
If you pay your Resident Camp fees by installment, any installments paid after May 1, 2010 will be subject to HST. When your fees have been paid in full, we will issue a 7% refund of any Resident Camp installments that you paid before May 1, 2010.
Q: Wait a minute. You have already charged me HST on my Resident Camp fees.
When we began taking registrations for Summer Resident Camp 2010, it was our understanding that the HST had to be collected on any applicable services to be delivered after July 1, 2010.
However, the Provincial Government has since introduced transitional rules that state that if an invoice for services that will be delivered after July 1, 2010 is paid in full before May 1, 2010, only GST must be collected.
Resident Camp invoices paid after May 1, 2010 will be charged HST.
Please note: If you registered for Resident Camp on or before April 6, 2010 and were charged HST on your Resident Camp invoice, we will be issuing a refund for the difference between the HST and the GST (7%) . Your refund will be issued by the payment method you used when registering - if you paid by credit card, your card will be refunded, if you paid by cheque you will receive a refund cheque.
New Resident Camp invoices dated between April 7 and May 1, 2010 will only be charged GST (5%). Resident Camp Invoices dated after May 1, 2010 will be charged HST (12%).