OTA Encouraged by HST Change

(Trucking.com)

Ontario Trucking Association president David Bradley welcomed the introduction in the Ontario Legislature of legislation enacting the government’s proposed new harmonized tax system.

Bradley was particularly pleased to note that according to the government's background material, as part of the transition to the HST and wind-down of the RST, the Multi-Jurisdictional Tax (MJVT) will also be wound down and that under the transition rules the MJVT would simply no longer apply to renewals or new registrations under the IRP on or after July 1, 2010.

“For the Ontario trucking industry the fact that the government has moved forward on its budget commitment to harmonize the provincial sales tax with the federal goods and services tax starting next year is extremely good news,” Bradley said. “OTA has been seeking this announcement for a number of years and it’s been a key recommendation of virtually every OTA pre-budget submission this decade. The introduction of the legislation today is great news for the industry.” Read more here.