Monday, December 14, 2009

Fishing trips cost less this year with tax rebate

We've just received great news!
The Foreign Convention and Tour Incentive Program, known simply as the federal tax rebate to our guests, will apply to one-half of the new Harmonized Sales Tax (HST).
This is an increase of 38% and means our fishing packages, after the rebate, will cost even less than last year!
Here's how it adds up (all figures are Canadian funds. The cost in U.S. depends on the exchange rate but will probably be slightly less):
Our American Plan package costs $860, the same as last year. With the new 13% HST the total is $971.80. The rebate recoups half of the HST; so, the rebate will be $63.17. The net cost of the package then is $908.63.
Last year the package was also $860 but with the combined provincial and federal taxes came to $957.61; however, the tax rebate only amounted to 2.5% for a total of $22.71. The net cost then, for last year, was $934.90.
So our American Plan customers this year will end up paying $26.27 less than they did last season once they receive their tax rebate.
Likewise guests coming on the Housekeeping Plan will pay $18.93 less after receiving their new rebate of $47.74.
The new HST begins July 1, 2010. Guests coming to camp before this date fall under the old system and will pay the old taxes. The previous taxes amounted to two per cent less on our packages but then the tax rebate was also less. So guests coming before July 1 pay exactly what they did last season.
Bow Narrows Camp fishing packages meet the criteria for the tax rebate and our business has been pre-approved by the tax authorities for our guests receiving the rebate.
With rebates of $63.17 for American Plan and $47.74 for Housekeeping Plan, you can't afford to forget to apply.
We will give you the form for the mail-in rebate when you pay for your fishing package at camp. You must fill it out and mail it along with your original invoice once you get home.
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1 comment:

Dan B. said...

One person wondered if money you pay in advance, such as deposits, qualifies for the rebate.
The answer is Yes, just as long as any part of your trip is after July 1.
So this year we have guests coming June 26 to July 3. They will be the first to qualify for the new, larger rebate.