It just came to my attention that I neglected to account for the January 1, 2008 drop in the GST rate (to 5%) in the budget portion of the NSERC Discovery Grant Help Guide.

The non-refundable portion of GST is 1.65% (not 1.98%). Make sure to account for this tax in equipment purchases. It is a small, but real cost for equipment purchase (where costs are generally detailed) and can add up to significant sums on large purchases.

I’ll am undecided if I will revise the guide to incorporate this change, if I do – I will post a revised version on this blog.