The Harmonized Sales Tax (HST) was introduced in Ontario on July
1, 2010, bringing about changes for many businesses. Most notably,
it introduced a requirement that "large businesses" be
required to repay or "recapture" the portion of any
available input tax credits (ITCs) attributable to the provincial
portion of the HST that becomes payable, or is paid without having
become payable, in respect of a specified property or service that
is acquired.
At the time of introduction, many businesses were able to
identify themselves as meeting the criteria of a "large
business." But since that time, how many more have possibly
grown their businesses, expanded their sales, made acquisitions, or
changed their corporate structures such that their associated group
structures now meet the definition? How many other businesses have
expanded their operations into Ontario?
