McGuinty Government Provides PST Relief On Bikes And Energy Efficient
TORONTO, July 23 /CNW/ -
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.
"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."
- 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.
Find out more about PST exemptions for ENERGY STAR(R)
(http://www.rev.gov.on.ca/english/notices/rst/56.html) appliances and
Read about PST exemptions for bicycles
Learn more about PST (http://www.rev.gov.on.ca/english/taxes/rst/).
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