Canada sales tax hikes 2016

The following three Canadian provinces will raise their Harmonized Sales Tax rates to 15% as follows:

1. Newfoundland and Labrador from 13% to 15% on 1 July 2016;
2. New Brunswick from 13% to 15% on 1 July 2016; and
3. Prince Edward Island from 14% to 15% on 1 October 2016

HST is made up of the local Provincial Sales Tax (PST) and the federal-level Goods and Services Tax (GST). GST is currently 5% across all Canadian provinces.