Lunch & Learn

Don’t miss this opportunity to enhance your business skills at the Oakville Chamber of Commerce Lunch & Learn sessions.

Our dynamic guest speakers provide a highly charged atmosphere for Chamber members to be entertained while discussing important topics like sales and marketing, networking, etc.

Space is limited. Pre-registration is required. Lunch is included.

Richard Rizzo, Senior Tax Manager at SB Partners LLP, shared his wisdom on how to transition your business for the Harmonized Sales Tax at our Lunch & Learn on April 16, 2010. VIEW the presentation in its entirety.

Listed below are the answers to additional questions which came out of the presentation

Question: When and where does the small business apply for the $1,000 support?
Answer: The ministry has stated in one of its releases that small businesses with taxable revenues of less than $2 million dollars, we be eligible for a one time transition support of $1,000. The Ministry does not currently have the available information as to how this credit will be applied for. Further details are to follow as we get nearer to the July 1, 2010.
Question:  How is the Point of Sale rebate to be shown. Taxed at 13% and credit for 8% or can it be shown as 5%?
Answer: Although there are no official guidelines in place as yet, the CRA GST/HST rulings dept think the ideal way to do it is to show a charge for the full 13% and then show a deduction for the POS rebate of 8% such that ultimately the purchaser will only pay the 5%.

For more Oakville Chamber of Commerce events, please visit our online calendar.

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