Impact of HST on cost of IABC/Toronto offerings
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As most of you know, effective July 1, 2010, the province of Ontario is harmonizing its Provincial Sales Tax (PST) with the Federal Goods and Services Tax (GST). The Harmonized Sales Tax (HST) will be applied at a rate of 13% – consisting of a 5% federal component and a 8% provincial component. While IABC/Toronto has always collected GST on events and services, starting July 1 members will pay an additional 8% in taxes (the provincial component of HST).
Providing value to our members and striking a balance between reasonable prices and sound financial planning is important to the IABC/Toronto Board. Be assured of our continued commitment in offering you services that are affordable and accessible.
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Natasha Renaud, MBA, MS Mass Comm |
