Ontario extends PST break for ‘green’ appliances
TORONTO, ONTARIO - Going green will continue to save you some green.
As first announced in the spring budget, the Ontario government is extending the provincial sales tax exemption on energy-efficient appliances and most bicycles.
Energy Star-rated refrigerators, freezers, washers, dehumidifiers and room air conditioners qualify, along with high-efficiency light bulbs and bicycles costing less than $1,000, Premier Dalton McGuinty said. The 8 per cent PST exemption on appliances and light bulbs will continue until Aug. 31, 2009, and is expected to cost the treasury about $52 million.
The tax break on bikes, helmets and other cycling safety gear will continue until Dec. 31, 2010, at a cost to provincial coffers of about $16 million.
McGuinty acknowledged his government was examining other ways to encourage consumers to choose more environmentally friendly products.
Related News
COVID-19 crisis shows need to keep electricity options open, says Birol
LONDON - The huge disruption caused by the coronavirus crisis has highlighted how much modern societies rely on electricity and how firm capacity, such as that provided by nuclear power, is a crucial element in ensuring supply, International Energy Agency (IEA) Executive Director Fatih Birol said.
In a commentary posted on LinkedIn, Birol said: "The coronavirus crisis reminds us of electricity's indispensable role in our lives. It's also providing insights into how that role is set to expand and evolve in the years and decades ahead."
Reliable electricity supply is crucial for teleworking, e-commerce, operating ventilators and other medical equipment, among all…
