TORONTO, June 8, 2011 /CNW/ - The Certified General Accountants of
Ontario (CGA Ontario) releases a sequel to its first edition HST
booklet, Harmonized Sales Tax in Canada, entitled Harmonized Sales Tax
for Ontario Business.
"It was important for CGA Ontario to publish a second HST booklet that
could take Ontario businesses from a place of transition to best
practices," said Ted Wigdor, vice-president, government and corporate
This valuable and user-friendly HST booklet authored by Diane Gaudon,
CGA, HST subject matter expert, offers businesses useful tips on how to
comply with HST, highlighting important changes that have occurred
since the 2009 implementation. The guide details relevant tax queries
such as; point-of-sale rebates, new HST place-of-supply rules,
recovering the HST in Ontario and British Columbia, employee expense
report factors, taxable benefits, mandatory electronic filing and
penalties for misreporting and more.
"Tax initiatives such as the HST are helping Ontario's economy become
more competitive, create jobs and attract new investments," said the
Honourable Dwight Duncan, Minister of Finance. "The province has seen
six consecutive gains in GDP growth and has recovered all the jobs that
were lost during the global recession. CGA Ontario is one organization
helping people better understand the benefits and the need for tax
"CGA Ontario plays an important role in helping business understand the
most significant tax change in a generation," said the Honourable
Sophia Aggelonitis, Minister of Revenue. "Due in large part to
Ontario's tax change, our economy is turning the corner and jobs are
being created. I look forward to working with CGA Ontario as we move
forward with implementation for Ontario's Tax Plan for Jobs and
The new HST guide can be viewed online at http://www.cga-ontario.org/assets/file/2011_CGAO_HST_book_II.pdf
Printed copies can be order online at www.cga-ontario.org or MdeLosSantos@cga-ontario.org or by telephone at 1-800-668-1454.
To locate a Certified General Accountant in your community visit www.cga-ontario.org/applications/accountantreferral/default.aspx.
For additional information or HST support, contact CGA Ontario, a CGA,
or any of the following organizations:
Ontario Ministry of Revenue http://www.rev/gov.on.ca/en/
Ontario HST Information line at 1-800-337-7222
Canada Revenue Agency at 1-800-959-5525
CGAs are accounting and finance professionals working with Ontario
businesses to make a difference. CGAs are trained to look beyond the
numbers, drawing on their broad learning and individual strengths to
facilitate problem solving and provide leadership across industries and
within changing business realities.
CGA Ontario is a self-governing body that grants the exclusive rights to
the CGA designation and controls the professional standards, conduct
and discipline of its 20, 000 certified general accountants (CGAs) and
8,000 students in the CGA program of professional studies.
SOURCE CERTIFIED GENERAL ACCOUNTANTS OF ONTARIO
For further information:
Amy Mulhern, manager of public relations, CGA Ontario Telephone: 416-544-4781 or 1-800-668-1454 ext. 8311 Email: email@example.com