HST will add to event ticket prices

2:36 pm in Festival and Event Industry, Industry News

Posted By BILL HENRY
SUN TIMES STAFF

Brace yourselves for higher ticket prices under the harmonized sales tax starting in July.

Some area arts organizations are scrambling to assess the HST\’s full impact, analyzing both the higher ticket prices they\’ll have to charge and the additional tax bite on their programming budgets.

The HST merges the 8% provincial sales tax and the 5% federal goods and service taxes into a single 13%. It means the end of current PST exemptions for many items and services, such as tickets to concerts and other public performances.

Arts groups expect both the tax hit and slower ticket sales will affect their bottom line.

Since performing arts groups in Ontario were not required to charge provincial tax on tickets, patrons will pay an additional 8% to see concerts, plays and other performances once the change comes in.

To read the full article, click here.