Media advisory - The HST - A new tax on savings

Please join IFIC for a media briefing and Q&A on the HST

TORONTO, Oct. 8 /CNW/ - Ontario and British Columbia plan to introduce the Harmonized Sales Tax (HST) in July of 2010. The plan to harmonize their respective provincial sales taxes with the federal GST will hurt Canadian investors, including those saving for their retirement.

On Thursday, October 8, 2009 at 12:00 p.m. Eastern Standard Time, Joanne De Laurentiis, President and CEO of The Investment Funds Institute (IFIC) will brief the media on the impact of this new tax on savings. A question and answer session will follow the brief presentations. An on-line media kit is available at: https://www.ific.ca/Content/Content.aspx?id=3824

    
    Domestic Call In Access:
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    Step 1:   Dial the Conference Access Number: 1-866-551-1530 or
              1-212-401-6700

    Step 2:   Enter your PARTICIPANT PIN Code followed by the (No.) sign:
              9882986(No.)

    Step 3:   At the prompt, record the required details: Full Name and
              Company

    Step 4:   You will be placed on musical hold until the Event begins
    

If the PIN code is not dialed or is dialed incorrectly you will be automatically transferred to our Customer Service Department who will be able to place you into the conference. The Arkadin Customer Service team can be reached at any time during your conference call simply by pressing *0 on your telephone keypad.

    
    About IFIC
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IFIC is the voice of Canada's investment funds industry, including fund managers, distributors and industry service organizations. IFIC proactively influences and advances industry issues within the regulatory framework and enhances members' efficiencies, knowledge and proficiency.

    
    About KPMG
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KPMG is a global network of professional services firms with over 135,000 people working together to deliver Audit, Tax & Advisory services in more than 140 countries. To discuss the KPMG Report filed on the online media kit please contact Mark Klein, Manager of Media Relations: 416-777-3895 or mklein3@kpmg.ca.

SOURCE The Investment Funds Institute of Canada

For further information: For further information: Suzen Fromstein, Director of Communications: (416) 309-2317 or sfromstein@ific.ca; Mark Klein, Manager of Media Relations: (416) 777-3895 or mklein3@kpmg.ca


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