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June 01, 2005

Municipal GST/HST Rebate Information

Information is now available on the Canada Revenue Agency web site regarding Goods and Services/Harmonized Sales Tax (GST/HST) rebate amounts for municipalities.

"As part of the New Deal for Cities and Communities, the Government of Canada is committed to help all communities secure stable, predictable, long-term funding," stated Minister Godfrey. "Municipalities across this country are benefiting from the GST/HST rebate, which they are using for their most pressing needs. The rebate, delivered in Budget 2004, is providing $7 billion over 10 years. Budget 2005 builds on this commitment to municipalities by providing $5 billion in gas tax funds over the next five years, and committing to renewing and extending programs such as the Canadian Strategic Infrastructure Fund, the Municipal Rural Infrastructure fund, and the Border Infrastructure Fund as they expire."

More information is available on the CRA web site at:
http://www.cra-arc.gc.ca/newsroom/releases/2005/may/0526gst-e.html

Posted by Taxes.ca Editorial Team [permalink]

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