Date: August 30th 2006

(To view this message on the web please visit www.rdpassociates.com/newsletter and see the archives.)

---

After a fantastic summer season, our satisfied clients are back from vacation and RDP wants to be the first to bring you up to speed on current tax legislation. Are you aware that the federal government has recently reduced the GST/HST rates effective July 1, 2006? These rate reductions may have several implications for you and your company.

GST Reductions and Your Bottom Line

Are you aware that the federal government has recently reduced the GST/HST rates effective July 1, 2006? These rate reductions may have several implications for you including: how much to apply for when filing your GST Tax returns, how much to remit to the government, the amount taxable on employee allowances and reimbursements.

The federal government has reduced the GST (Goods and Services Tax) rate to 6% and the HST (Harmonized Sales Tax) rate to 14%. The amount to remit to the government for small businesses has been reduced to as low as 2.2% (rate for goods purchased for resale in non-participating provinces). These are only a few of the many effects of the recent rate reductions.

As 2006 is a year of transition from the old rates to the new rates, it is important that you understand when you have paid GST/HST or when GST/HST is payable since this will determine the correct rates to apply for when filing your commodity taxes.

RDP Associates Inc. has several years of experience in recovering GST/HST and other commodity taxes. Our specialists who have extensive knowledge regarding current legislation, which can help maximize your recovery and save you time. RDP has noticed that 80% of companies that use our commodity tax recovery services have recovered cash and/or secured tax credits. If RDP cannot identify any over payment of commodity tax, we don't charge any fee.

For further details on the rate reductions or for assistance with your recovery, please contact Christopher Bodnar at cbodnar@rdpassociates.com or 416-368-9341 ex 247.

---

Dear Subscriber:
You have received this message as a valued member of the RDP Associates Inc. exclusive Mailing List. Our intention is to inform, not to annoy. If for any reason you would prefer not to receive these messages, you can unsubscribe using the links at the bottom of this page.

This publication may be freely redistributed if copied in its ENTIRETY.
(c) Copyright 2006 RDP Associates Inc.

Please DO NOT click on the unsubscribe link in red close to the bottom of this page
UNLESS you wish to unsubsribe.