And, just to make things more complicated, in Ontario, the rules are all changing in a year or so.
On Wed, Apr 29, 2009 at 2:16 PM, <[email protected]> wrote: > > Canadian tax structures and academia can be a bad combination. Our Finance > Department requires tracking of the Federal VAT (called GST - Goods and > Services Tax), which is typically self assessed on either each line item or > an entire invoice when applied, and is extracted and reported in the > interface. Some Finance Departments handle all of this, but the carrot for > doing the tracking is sometimes related to where any rebates from the > Federal Government go, i.e., either to Finance or back to the library. It's > quite common in Canada to pay taxes and deal with rebates, often a pain for > both buyers and sellers but unavoidable. One problem that has come up here > is that the JD Edwards system, which issues the checks for the campus, > sometimes introduces rounding inconsistencies (GST > non-rebateable-division-rates are often set to 4 decimal places, e.g. > "1.0198", and this is enough to throw things slightly off). A widget for a > tax calculator would be really cool. > > art
