Category

1% reduction in the GST rate

Beginning January 1, 2008, the rate of the goods and services tax (GST) will be reduced by 1%, that is, from 6% to 5%.

This reduction was announced by the federal Minister of Finance Jim Flaherty. Documentation concerning the Economic Statement is available on the website of the Department of Finance Canada.

Revenu Qu├ębec will provide further information on this subject as soon as the impact of this announcement is known.

Article source: http://www.revenuquebec.ca/en/centre-information/actualite/2007/2007-10-30.aspx?rss=1