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HARMONIZED SALES TAX WORKSHOPS
Over the past six months, the Chamber has received more calls about the
Harmonized
Sales Tax than any other business issue. Without doubt, HST is
an issue that is at the top of mind for many Burlington business
leaders. To help you understand how the HST will affect your
business and how you should implement HST at your company, the
Chamber has partnered with BDO Dunwoody to host
five sector-specific workshops so your business can effectively manage this transition.
The workshops are structured based on sectors that have
similar tax rules. Workshops include:
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SECTOR |
DETAILS |
For-Profit Businesses
The key issue for this sector
will be to ensure your company is ready for the transition to
the Ontario Harmonized Sales Tax from the Ontario Retail Sales
Tax. For-profit businesses must ensure that they are
collecting the Ontario Harmonized Sales Tax commencing on May 1,
2010 on transactions where the goods or services are to be
delivered after July 1, 2010. In addition, there is a new
requirement to self assess the Ontario Harmonized Sales Tax on
transactions where the tax was not paid to the supplier.
This workshop will be of interest to all companies in the
for-profit sector. If you are in a role that advises these
groups (i.e. bankers, lawyers, accountants, board members,
advisors) you might also be interested in attending this
workshop. Businesses in the
construction or sale of goods sector
may instead wish to attend the seminars outlined below.
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February 2
Holiday Inn Burlington
7:30 Continental Breakfast
8:00 to 10:00 Workshop
$20.00 Members (incl GST)
$30.00 Non-Members (incl GST)
WORKSHOP
COMPLETED
Cancellations after January 26 can not be
refunded.
You MUST pay in advance to reserve your spot.
If you attend more than one workshop, receive a $5.00 discount
for each extra workshop.
Contact Kathryn for details.
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Sale of Goods Sector
The key issue
for this sector will be to
ensure your company is ready for the transition to the Ontario
Harmonized Sales Tax from the Ontario Retail Sales Tax.
Companies selling goods must ensure that they are collecting the
correct sales tax commencing on May 1, 2010 on transactions
where the goods are to be delivered after July 1, 2010.
This workshop will be of interest to all companies
that sell goods including those in the retail, wholesale and
manufacturing sectors. If you are in a role that advises
these groups (i.e. bankers, lawyers, accountants, board members,
advisors) you might also be interested in attending.
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February 9
Holiday Inn Burlington
7:30 Continental Breakfast
8:00 to 10:00 Presentation
$20.00 Members (incl GST)
$30.00 Non-Members (incl GST)
WORKSHOP
COMPLETED
Cancellations after February 2 can
not be refunded.
You MUST pay in advance
to reserve your spot.
If you attend more than one
workshop, receive a $5.00 discount for each extra workshop.
Contact Kathryn for details.
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Not-for-Profit Sector
The key issue for this sector will be
to ensure your organization is claiming the appropriate
rebate on the Ontario Harmonized Sales Tax that is paid and
to ensure this tax is collected on the appropriate
transactions as early as May 1, 2010.
This workshop will be of interest to all NFPs, charities
and other public
sector bodies. If you are in a role that advises these
groups (i.e. bankers, lawyers, accountants, board members,
advisors) you might also be interested in attending.
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February 16
Holiday Inn Burlington
7:30 Continental Breakfast
8:00 to 10:00 Workshop
$20.00 Members (incl GST)
$30.00 Non-Members (incl GST)
WORKSHOP
COMPLETED
Cancellations after
February 9 can not be refunded.
You MUST pay in advance to
reserve your spot.
If you attend more than one
workshop, receive a $5.00 discount for each extra workshop.
Contact Kathryn for details.
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Construction and Home-Builders
The key
issue for this sector will be
to ensure your company is ready for the transition to the
Ontario Harmonized Sales Tax from the Ontario Retail Sales
Tax. Commercial construction companies are required to
collect the Ontario Harmonized Sales Tax commencing on
October 15, 2009 on progress billings that relate to
property delivered or services provided after July 1, 2010.
This workshop
will be of interest to all commercial
construction companies, home-builders and their suppliers
and sub contractors. If you are in a role that
advises these groups (i.e. bankers, lawyers, accountants,
board members, advisors) you might also be interested in
attending.
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February 23
Holiday Inn Burlington
7:30 Continental Breakfast
8:00 to 10:00 Presentation
$20.00 Members (incl GST)
$30.00 Non-Members (incl GST)
WORKSHOP
COMPLETED
Cancellations after February 16 can not be refunded.
You MUST pay in advance to
reserve your spot.
If an individual attends more than one
workshop, receive a $5.00 discount for each extra workshop.
Contact Kathryn for details.
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Enterprises Not Entitled to Claim Input Tax Credits
The key issue
for this sector will be to
ensure that your company self assess the Ontario Harmonized
Sales Tax on transactions where the tax is not paid to the
supplier. This self assessment is required even if you are not
registered for the Goods and Services Tax. This session will
also focus on which expenses will have the Ontario Harmonized
Sales Tax applied and discuss appropriate tax planning to
minimize this tax.
This workshop will be of interest to
all businesses that are not
entitled to claim full input tax credits on their expenses
including those in the medical field, child cares and financial
field such as insurance broker. If you are in a role
that advises these groups (i.e. bankers, lawyers, accountants,
board members, advisors) you might also be interested in
attending.
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March 2
Holiday Inn Burlington
7:30 Continental Breakfast
8:00 to 10:00 Presentation
$20.00 Members (incl GST)
$30.00 Non-Members (incl GST)
Cancellations after February 23 can not be refunded.
You MUST pay in advance to
reserve your spot.
If an individual attends more than one
workshop, receive a $5.00 discount for each extra workshop.
Contact Kathryn for details.
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