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(Ottawa, June 20, 2006)… Don't forget the Goods and Services Tax (GST) will be reduced by 1 percentage point to 6%, effective July 1, 2006.

The reduced GST rate will apply to the importation of all taxable goods released from Customs on or after July 1, 2006.  Shipments released by Customs prior to July 1, 2006 will be assessed GST at the current rate of 7%.

Additional information is available from the Canada Revenue Agency website:
www.cra-arc.gc.ca/agency/budget/2006/gstrateqa-e.html

For more information, please call (905) 882-4880, Brian Rowe, General Manager – Customs Consulting Services.