Update: Tax Rate for P.E.I
As you may have heard, the HST rate in Prince Edward Island (P.E.I) will be changing as of October 1st, 2016. The HST rate will change from 14% to 15%.
Effective October 1st, 2016, the new HST rate will be 15%, therefore the 15% tax codes (similar to all other Atlantic/Maritime provinces) will need to be used.
What does this mean for UofT?
We will be using different tax codes for P.E.I:
All invoices and expense reimbursements processed after October 1st will use the 15% tax codes.