gst caterer and caterers are among the many businesses that have implemented the new gst law, which is designed to help them better manage and adjust to changing labour market conditions.
A recent study by the Gartner group found that more than half of the major hospitality industry organisations had adopted the new system, and nearly a quarter of the restaurants surveyed had already implemented it.
Some of the companies that have already implemented the law include the Coca-Cola Company, Pizza Hut, Starbucks and Subway.
Restaurants can only use a portion of the funds they receive under the new rules, which also apply to businesses that are not in a union or are not covered by a collective agreement.
For some restaurants, it’s as simple as changing their name to “a little different”, which can save them money.
The new rules will come into effect on June 1, 2018.
They are expected to cost about $1.2 billion, or about 8 per cent of the total annual gross domestic product.
“There’s not much that can be done in a vacuum,” said Matthew Lander, president of the Restaurant Association of Canada.
“We don’t have the expertise to figure out exactly how to do it.”
A restaurant that has implemented the gs tax may be required to pay up to $1,500 in penalties each year.
Lander said the law is “a step in the right direction” for the industry.
“It’s an important step to ensure that we’re protecting the interests of the businesses, which includes our own employees, who are the ones who make our money,” he said.
“And if a restaurant is doing a good job and it’s not getting the money they’re supposed to be getting, they can make the call to close down and get a new business model.”