PST Exemptions Encourage Green, Healthy Living



    McGuinty Government Provides PST Relief On Bikes And Energy Efficient
    Products

    TORONTO, July 23 /CNW/ -

    NEWS

    The McGuinty government is encouraging Ontarians to think green and get
active. The government is waiving the retail sales tax, more commonly known as
the PST, to encourage the purchase of environmentally friendly products and
promote a healthier lifestyle.
    The PST exemptions have been extended for:

    
    -   Certain ENERGY STAR(R) appliances and light bulbs; and
    -   Bikes purchased for $1,000 or less and related safety equipment.
    

    In partnership with the Retail Council of Canada, the government will be
launching a promotional campaign for the PST exemptions.

    QUOTES

    "We all share an important responsibility to conserve energy, which is
why our government is helping people make choices that will benefit their
health and the environment while saving people money," said Finance Minister
Dwight Duncan (http://www.fin.gov.on.ca/english/about/min.html). "The
extension of the PST exemptions on ENERGY STAR(R) products and bikes will help
encourage Ontarians to live greener, healthier lifestyles."
    "What's so great about the ENERGY STAR(R) initiative is it complements
many of the incentives our retailers offer to turn in old appliances for more
efficient models," said Diane J. Brisebois, President and CEO of Retail
Council of Canada. "And summer is biking season so it's also a great
opportunity to get a new bike and save the PST."

    QUICK FACTS

    
    -   The point-of-sale PST exemption for certain ENERGY STAR(R) appliances
        and light bulbs has been extended to August 31, 2009. The exemption
        is expected to provide PST savings of approximately $52 million to
        Ontario consumers in 2008-09.
    -   Eligible products include new ENERGY STAR(R) non-commercial
        refrigerators, dishwashers, clothes washers (including inseparable
        clothes washer-dryer combinations), freezers, dehumidifiers, room air
        conditioners, light bulbs and decorative light strings.
    -   Replacing older, conventional appliances with an ENERGY STAR(R)
        product could save hundreds of dollars on energy bills.
    -   The point-of-sale PST exemption for bikes purchased for $1,000 or
        less and related safety equipment has been extended to December 31,
        2010. The exemption is expected to provide PST savings of
        approximately $16 million to Ontario consumers in 2008-09.
    

    LEARN MORE

    Find out more about PST exemptions for ENERGY STAR(R)
    (http://www.rev.gov.on.ca/english/notices/rst/56.html) appliances and
    light bulbs.

    Read about PST exemptions for bicycles
    (http://www.rev.gov.on.ca/english/notices/rst/61.html).

    Learn more about PST (http://www.rev.gov.on.ca/english/taxes/rst/).

    
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                                                     ontario.ca/finance-news
                                                      Disponible en français
    





For further information:

For further information: Steve Erwin, Minister's Office, (416) 325-3645;
Scott Blodgett, Ministry of Finance, (416) 325-0324

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