Finance is responsible for the disbursement of funds for all authorized purchases on behalf of The City of Spruce Grove.
The City operates under a net 30-day term for payment of goods and services. Cheques are processed every second week to discharge the liabilities of the City and take advantage of the various early payment terms offered by vendors.
The Canada Revenue Agency guide on GST Information for Municipalities
outlines how the goods and services tax applies to municipalities.
Reduction in GST rate from 7% to 6%
The Federal Government announced a reduction in the Goods and Services Tax (GST) rate from 7% to 6% effective July 1, 2006. To find out more information about this change, please read the GST/HST Info Sheet distributed by the Canada Revenue Agency.
For further information on the change in the GST rate, please contact the Canada Revenue Agency.
