Buy and pay for furniture after April 1, 2013 - Sales tax decrease
Are you looking to buy furniture for your home right now? If you live in Prince Edward Island, you should consider waiting until April 1, 2013 to buy and pay for your furniture from your Prince Edward Island furniture store.
On April 1, 2013, the 5% GST and 10% PST are being replaced by the new 14% HST.
Since the 10% PST was charged on top of the 5% GST, you were effectively paying 10.5% PST for a total of 15.5% sales tax before April 1, 2013. Afterwards, you will be paying 14% harmonized sales tax (HST).
Buy and pay for furniture after April 1, 2013 - Sales tax decrease
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