New GST rates effective July 1, 2006 - UPDATE

Following our communication on May 30 about the GST rate change which will take effect on July 1, 2006, we have received several requests about the impact of this rate change on the tax rate net of rebates paid by the University on our purchases. It is important to note that the GST rebate rates have not changed. It is only the GST tax rate that has changed from 7% to 6%.