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In an attempt to tackle its growing budget deficit, the Quebec government announced an increase to the Quebec sales tax rate (QST) from 7.5% to 8.5% effective Jan. 1st, 2011.

During the transition period from the current rate of 7.5% to the new rate, the following rules apply:

• If QST becomes payable or is paid before January 1st, 2011, the 7.5% QST rate will apply.
• If QST becomes payable on or after January 1st, 2011 without having been paid before that day, the 8.5% QST rate applies.

What does this mean?