HST = Opportunity
Voice to Word Consulting has decided to cover the additional 8% tax (included in the new HST) on all services purchased between July 1 and December 31, 2010.
On July 1 the Ontario government will introduce Harmonized Sales Tax (HST) legislation on goods and services. The new law combines the 5% Goods and Services tax (GST) with the 8% Provincial Sales tax (PST) to create a 13% HST. The additional tax will now be charged on all educational services, increasing the final cost by 8%.
This is a hard blow to those who make the sacrifice to pay for their studies. Given this sharp increase and with the realization that private students are generally unable to claim tax rebates, Voice to Word has decided to absorb the 8% sales tax for non-corporate clients from July 1st to December 31st, 2010.
“The harmonized sales tax really weighs on individuals who want to upgrade their skills but can’t claim the tax. In order to support our students, it is important that we adjust our cost structure accordingly during the transition,” said Heather Chetwynd, the director of Voice to Word. “Covering the eight percent difference, we’re not only helping our valued clients, but we’re also creating an ideal time during which to study.”
