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TAX * Canada - Ontario business groups seek change
Toronto,ONT,CAN -Today's Trucking -22 Jan 2009: -- One of the big political buzzwords of the day is change, and the Ontario Trucking Association wants to see some of it in the province’s tax system... The OCC report -- entitled, “Made in Ontario: The Case for Sales Tax Harmonization” -- illustrates three potential options for the harmonization of Ontario’s sales tax with the GST... The first is a simple harmonization which replaces the PST with an 8 percent tax harmonized with GST; the second is made-in-Ontario alternative A, which exempts the purchases of children’s clothing, “clean” energy, labor intensive services and the MASH sector (Municipal, Academic, Schools, Hospitals) from the Ontario portion; and the third is made-in-Ontario alternative B, which zero-rates financial services from the Ontario portion...
Labels: tax policys
posted by Unknown @ 6:47 AM
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