February 4, 2010 By member request!
Space is limited! Register early to avoid disappointment! HST: Impact on your Organization
Friday, February 26, 2010
9:30 a.m. - 12:00 p.m.
Textile Museum of Canada, Toronto ON On July 1, 2010, Ontario will implement the Harmonized Sales Tax (HST). Whether you support the idea of HST or not, all organizations must prepare for the sales tax reform or risk costly errors in the future. Do you know a little, but not enough to ensure you are well prepared? Is your organization ready for the implementation of the HST? This workshop will help you get the answers you need. Topics to be discussed include: - what is the HST?
- how it relates to current sales taxes (GST & PST)
- What will stay the same and what will change under HST
- Taxable items
- o Taxable items
o Rebates and refunds - rules about charities & not-for-profits (NPO) having to register
- Probable impact on your organization and how to forecast it
- Transitional rules: transactions that straddle the tax changeover
- Place of supply rules: international and interprovincial transactions
- Helpful hints:
- o If you’re not registered presently, should you register for HST?
o If you are registered, should you be considering any options for change?
o Purchasing plans related to the tax change
Target Audience:
Unlike other HST presentations by experts unfamiliar with running a museum, their mandates, and day-to-day operations, this workshop was developed with a museum audience in mind . Museum staff, museum managers, board members and volunteers will benefit from a better understanding of the revenue and expense implications of HST, so that they can work with, or at least ask the “right” questions, of their finance departments and accounting staff. Join cultural financial expert Heather Young, author of Finance for the Arts in Canada, and accountant Michael Herrera for an up- to-date session. Ask questions for your own museum during the interactive period, and take away solid information to guide you. And don't forget to bring your calculator! FACILITATORS Michael Herrera, CA has over fifteen years experience working with and volunteering in the not-for-profit sector. After leaving Ernst & Young - where he specialized in the not-for-profit sector - Michael led the finance departments of the National Ballet of Canada, YMCA of Greater Toronto, and the Anglican Church of Canada. As an independent consultant, Michael focuses primarily on the arts and heritage sector. He has developed and delivered tools and workshops on deficit reduction and elimination strategies, financial analysis and fundraising. Michael is currently on faculty at the University of Toronto at Scarborough where he teaches “Financial Management for Arts Managers”. Heather Clara Young has 2 decades experience working with performing arts, visual arts and heritage organizations, facilities, festivals and community organizations. Young Associates, founded in 1993, provides consulting, financial management and bookkeeping services to cultural organizations. Heather teaches finance in Humber College’s Arts Administration programs and was a 2004 recipient of the Continuing Education Award of Excellence for Outstanding Academic Contribution. Her book, Finance for the Arts in Canada, has received praise for its clear and straightforward approach to building excellence in financial skills. To register, download the HST Workshop form HERE. Contact Spaces are limited for this timely and important Professional Development opportunity.
For registration or inquires, please contact the OMA. 50 Baldwin Street,
Toronto, ON M5T 1L4
Tel: 416-348-8672 | Toll-free: 1-866-OMA-8672
Fax: 416-348-0438 | Email: pd@museumsontario.com |