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HST & Sales Tax Information

For further clarification or questions on the usage of HST accounts

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HST - Tax Impact

Ontario PST and Federal GST were harmonized to form Ontario HST on July 1, 2010. McMaster University is not exempt from HST (or other sales taxes) and may be required to pay HST on its acquisitions. McMaster University is eligible to claim a rebate in connection with any Ontario HST or Federal GST paid in another province.

The chart below summarizes the amount of the rebate and the net tax cost to your department.

Tax Impact

Please note that certain of the University’s activities / sales to external parties are taxable. In these cases, McMaster University is required to collect and remit Ontario HST in connection with these activities.

Related & Affiliated Entities – When is HST Applied?

There is no requirement to charge HST for sales between departments at the University.

There is a requirement to charge tax on certain transactions if the sales are being made to an organization that is a separate legal entity.

By the nature of McMaster’s activity, it is often difficult to tell if an entity / centre / organization is ‘inside’ McMaster’s legal entity or is external to the University. The page below identifies most of the McMaster related entities and identifies whether or not they should be charged tax when billings are prepared.

Expandable List

Any University department or faculty

Research Institutes of ‘Centres’ other than those noted in the tab below

Including but not limited to:

  • Foundation for Medical Practice Education
  • Friends of McMaster Inc.
  • Hamilton Academic Health Sciences Organization
  • Hamilton Academic Paediatrics Association
  • Hong Kong Foundation
  • McMaster Children’s Centre
  • McMaster Divinity College (MDC)
  • McMaster Innovation Park
  • McMaster University Student Centre
  • McMaster University Trust
  • Pension Plan – Hourly
  • Pension Plan – Original
  • Pension Plan – Plan 2000
  • Regional Medical Associates
  • University Club of McMaster
  • Bachelor of Health Sciences Society
  • Biomedical Commercialization and Discovery Society
  • DeGroote Commerce Society
  • Engineers without Borders
  • Graduate Students Association
  • DeGroote MBA Association
  • McMaster Association Part-Time Students
  • McMaster Engineering Society
  • McMaster Humanities Society
  • McMaster Medical Students Council
  • McMaster Science Society
  • McMaster Social Science Society
  • McMaster Student Midwifery Collective
  • McMaster Student Union
  • McMaster Undergraduate Nursing Society (MUNSS)
  • OPIRG
  • Society of Arts & Science
  • 2569587 Ontario Inc
  • Adapsyn BioScience
  • ADIGA Life Sciences Corp
  • Advanced Psychometrics for Transitions Incorporated (ProFitHR)
  • AllerGen
  • Altus Assessments
  • ATTWILL
  • C2C Link
  • Centre for Probe Development
  • Centre For Surgical Invention & Innovation
  • Enedym
  • Evidence Prime
  • Exerkine
  • ForSee Instruments
  • Fox Tek (Now part of Augusta Industries Inc)
  • Fusion
  • MesoMat
  • Nugeneris Specialty Pharmaceutics
  • OSCAR – Open Source Clinical Application Resource EMR (Electronical Medical Record) Inc.
  • Patriot One Technologies
  • ProSensus Inc.
  • Qreserve
  • Symbal Therapeutics
  • Triumvira
  • Turnstone Biologics
  • VitaSound Audio Inc.
  • Building Union of Canada – BUC
  • CUPE
  • International Union of Operating Engineers – IUOE
  • McMaster University Academic Libarians Association – MUALA
  • MUFA – McMaster University Faculty Association
  • MURA – McMaster University Retirees Assocation
  • Service Employees International Union – SEIU
  • UNIFOR

Revised October, 2018

HST Accounts & Uses

The chart below lays out the various HST accounts in Mosaic and their uses.  Please note that the use of these accounts is directly connected to amounts and categories used to prepare HST returns and other information requested by the Federal and Ontario governments.

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.

 

Revised October, 2018