HST to come into effect July 1
[img_inline align=”right” src=”http://padnws01.mcmaster.ca/images/hstcommittee.jpg” caption=”A committee representing a cross-section of the campus community has been working since January to ensure McMaster is prepared for the implementation of the HST.”]
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Thursday is Canada Day, but it is also the day on which the province's new Harmonized Sales Tax (HST) comes into effect.
As of July 1, 2010, the Provincial Sales Tax (PST) will be replaced with another tax which will be combined with the federal Goods and Services Tax (GST) to create the HST. A committee of approximately 15 people representing a cross-section of the campus community has been working since January to ensure McMaster is prepared for the switch as well as any issues which may arise as a result.
“There has been a great deal of communication involved to make sure everyone is aware and prepared,” said Tim Russell, project manager with University Technology Services. “We also dealt with a number of specific issues to ensure that unique cases across campus were addressed.”
The committee managed evaluations and updates to 20 central computer systems or processes affected by the HST. It also communicated with 45 other decentralized or third-party systems to identify readiness for HST, fielded specific questions relating to the tax changes and crafted communications based on common issues and concerns from all affected systems.
The committee will continue to review and assess HST-related issues until the end of October, when the PST will expire.
Reference information is located at the BMS website. Questions or concerns about the HST and how it impacts McMaster or your area within the University can be sent to hst@mcmaster.ca.
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