TORONTO — Canadian businesses are about two weeks away from having to scrap some of the tax they charge customers, but many have already realized that's no easy feat.
TORONTO — Canadian businesses are about two weeks away from having to scrap some of the tax they charge customers, but many have already realized that's no easy feat.
Printed books, for example, count but not colouring, sticker, stamp or coin books. Nor do reading materials like magazines when purchased individually rather through a subscription. The heart of that reprogramming will lie with point-of-sale systems, which help retailers process transactions and apply taxes to purchases.
Across the MTY portfolio, Lefebvre estimates 15 point of sale systems are being used — a product of his company's acquisitive nature."There are some cash register systems that are a little bit more flexible where the programming might take two or three hours, but there are others also where it needs to be programmed at every store," Lefebvre said.
CFIB, which represents more than 97,000 small- and medium-sized businesses, said 65 per cent of the companies it surveyed think there's not enough time to complete all this work, especially given how busy they are these days.
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