Bell tax saving means $1.5 billion investment in Ontario

The Ontario government implemented the federal and provincial sales tax into a single 13% HST. Bell has announced that this allows them to invest an additional $1.5 billion in Ontario for increasing their services.

George Cope, President and CEO of Bell said “BCE has already committed to invest approximately $3 billion across Canada in 2009, and about $1.5 billion of that total will be spent in Ontario. Even in the midst of current economic conditions, we’re making these multi-billion investments in our team, our broadband networks and our service operations in order to deliver a better Bell customer experience at every level. As has been the experience in other provinces in which Bell operates, savings from a single sales tax structure will accelerate our investment in Ontario. Fewer dollars going toward taxes in 2010 mean more dollars that Bell will reinvest in our networks and service in the province next year.”