Starting January 1, 2008 the GST rate is now 5.0% and HST is now 13.0%
As of January 1, 2008, GST and HST has changed. Users who have configured the Financials Module need to update their GST tax authority to 5.0% and HST tax authority to 13.0%. For more information about GST and HST see the Government of Canada website at: http://www.cra-arc.gc.ca/tax/business/topics/gst/menu-e.html.
Modifying a Tax Authority
Open the Tax Authority window by going to the Accounting menu and selecting Tax Admin -> Tax Authority.
Search for the GST Tax Authority
Enter GST into the Tax Authority field and Press Search.
Double click on the GST Tax Authority.
Change the Tax Rate field with the decimal percentage for the new tax rate, 5.0 as of January 1, 2008, and Press Update.
Any changes to the tax rate will come into effect immediately. All invoices and payables created in the past will continue to use the old tax rate.
Follow the same method to change the HST to 13.0%.