The HST is coming and its ramifications for those who practice law and those who purchase legal services is going to be extreme.
While other industries (notably mutual funds, auto, and real estate) are all engaged in full-court-press mode as they lobby the Ontario government for exemptions, we in the legal services field have remained disturbingly complacent. The problem is simple to define. Starting in July 2010 when Ontario’s GST and PST are replaced by the new Harmonized Sales Tax, virtually everything, including legal bills, will be subject to the new 13% HST. For those of you who are blessed . . . [more]