| Fund |
Account |
PeopleSoft Description |
Long Description |
| 20 |
240000 |
HST Payable to CRA |
To record HST charged / collected by the University. |
| 20 |
240005 |
GHST Payable to CRA |
To record GST charged / collected by the University. |
| 20 |
240010 |
OHST Payable to CRA |
To record Ontario portion of HST charged / collected by the University. This account generally should not be used unless cleared with Financial Affairs. |
| 20 |
240100 |
HST Input Tax Credit (ITC) |
To recover 100% of the HST paid by the University for a good or service. This account generally should not be used unless cleared with Financial Affairs. |
| 20 |
240200 |
HST Rebate (73.77%) |
To recover the rebate of the HST paid by the University for a good or service. |
| 20 |
240205 |
OHST Rebate (78%) |
To recover the rebate of the Ontario portion of HST paid by the University for a good or service. Generally used in connection with a self-assessed tax. See account #240305. |
| 20 |
240210 |
GST/HST Rebate (67%) |
To recover the rebate of the Federal portion of HST paid by the University for a good or service. Generally used in connection with a self-assessed tax. See account #240300. |
| 20 |
240215 |
HST Rebate - Books (100%) |
To recover 100% of the HST paid by the University for a qualifying book. |
| 20 |
240220 |
HST Rebate - Taxable Real Prop |
To recover HST paid on the acquisition of real property. Financial Affairs use only. |
| 20 |
240300 |
Self Assessed GST/HST Payable |
To self-assess GST or HST payable on a good or service imported into Ontario. A corresponding rebate can then be claimed. See accounts #240200 or #240205. |
| 20 |
240305 |
Self Assessed OHST Payable to |
To self-assess the Ontario portion of HST payable on a good or service imported into Ontario. A corresponding rebate can then be claimed. See account #240205. |
| 20 |
240380 |
Investment Self Assess Clearing |
Clearing account. Financial Affairs use only. |
| 20 |
240400 |
HST Refund |
Clearing account. Financial Affairs use only. |