b'FACTS & FIGURESPST CUT TRANSITION PERIODWhat does the PST change mean for my business? An update from WCA President Ron HambleyOn March 7 the Manitoba government released BudgetIn the meantime, the Province has released an information 2019, which was highlighted by a one per cent cut to the PST,notice outlining the PST Rate Reduction Transition Rules, and bringing the tax from eight per cent down to seven per centI would ask you to review it as soon as possible. This bulletin effective July 1, 2019. discusses the treatment of tangible personal property and While WCA believes this move will be good for the economyreal property, and it offers guidance for segregating taxes on in the long run, it definitely raises some questions for theongoing projects, for projects contracted after March 7, 2019, industry and for our members between now and July 1. Whatbut which do not start until after July 1, 2019, supply and happens to contracts that have already been signed with aninstall contracts, holdback amounts, etc. You can find a copy eight per cent PST baked in? What about projects where workof these rules at https://www.gov.mb.ca/finance/taxation/is being completed both before and after July 1? pubs/bulletins/noticerst1901.pdf.WCA will be addressing these questions, along with anyPlease send any questions you have on this document or others that will come up due to the PST cut, in our Tradetopic to rhambley@winnipegconstruction.ca. Well be seeking Contractor and General Contractor division meetings, and well keep our members up to date on industry best practicesout advice and presenting the results at our committee in managing this issue. meetings or in a general forum in the coming weeks.Since the early beginnings, Penn-co Construction has been a leader in the Manitoba construction industry, equipping our team of skilled professionals with the vision,guidance and tools required to bring construction projects to life. For more information, please contact us: Penn-co Construction Canada (2003) Ltd. Box 60, ZS Penner Drive, Blumenort, MBROA OCO Toll Free: 866-326-1341 www.penn-co.comIssue 1SpringEdition 2019 BUILD MANITOBA 53'