Showcasing Ontario’s Innovative Aerospace Industry

Minister of Economic Development and Trade Sandra Pupatello was in the United Kingdom from July 18th to the 22nd helping Ontario’s aerospace companies showcase their innovation to the world.

The Minister attended the Farnborough International Airshow, the aerospace industry’s premier event in 2010, where she launched the Ontario pavilion.  The Minister also met with several leading OEMs and Tier 1 systems integrators to promote Ontario’s diverse and innovative supply chain.  This year, there were 23 companies participating in the pavilion, Ontario’s largest contingent ever.

Later in the week, the Minister met with key players in London’s financial services industry to promote Ontario’s competitive business environment and educated workforce to prospective investors.

The Minister’s mission concluded with a luncheon presentation to the Canada-United Kingdom Chamber of Commerce in London to promote bilateral trade and investment.

 

THE HARMONIZED SALES TAX COMES INTO EFFECT JULY 1, 2010
WHAT YOU NEED TO KNOW TO PREPARE FOR IT AS A BUSINESS OWNER

If you are already registered for GST, no further registration is required. Your first HST return is due at the same time that your old GST return would have been due. HST will save businesses over $500 million a year in administrative and compliance costs alone.
Click on these links to learn more about preparing for the HST as a business owner.

• TIPS ON HOW TO PREPARE FOR THE HST
  http://www.rev.gov.on.ca/en/taxchange/transition.html

• IMPORTANT DATES
  http://www.rev.gov.on.ca/en/taxtips/hst/06.html

• WHAT IS TAXABLE UNDER THE HST AND WHAT IS NOT
  http://www.rev.gov.on.ca/en/taxchange/taxable.html

• IF YOU ARE A SMALL BUSINESS OWNER YOU ARE ELIGIBLE FOR UP TO $1000 IN TRANSITION ASSISTANCE. THE FIRST CHEQUES WILL BE SENT OUT IN FALL 2010.
  http://www.rev.gov.on.ca/en/taxtips/hst/pdf/07.pdf

• THE HST IS ONLY ONE PART OF A COMPREHENSIVE TAX REFORM  THAT WILL SIGNIFICANTLY CUT TAXES FOR BUSINESS BEGINNING JULY IST
  http://www.rev.gov.on.ca/en/taxchange/business.html

• HOW THE HST WILL LOWER YOUR COST OF DOING BUSINESS AND SAVE YOU MONEY
  http://www.rev.gov.on.ca/en/taxchange/brochure.html

 

 

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