The 6% Goods and Services Tax (GST) has been cut to 5%
effective January 1, 2008.
For the Canada Revenue Agency's
Reduction in the Rate of GST/HST Info Sheet (December 2007),
click here.
For more GST/HST Info Sheets,
click here.
To change the GST rate in QuickBooks:
From the main menu go to "List", "Tax Codes List".
To make the change in Simply Accounting:
From the main menu go to "Setup", "System Settings",
"Sales Tax".
