view counter
 
view counter
 
 

Fee Change For New Fractional Owners

Published: April 28, 2016 3:00 pm ET

No Comments | Jump to Comments

On Wednesday, Standardbred Canada's Board of Directors approved a fee change that will make it easier, and more cost effective, for new owners to become involved in harness racing through fractional stables and partnerships.

Effective immediately, new members, or returning members out for a full period of two (2) or more years, who enter the industry in a stable with a minimum of eight (8) people, will receive two years of full Standardbred Canada membership for $45 plus applicable taxes (to their birthday in 2018). The Stable registration fee remains the standard rate of $130.

New members involved in fractional stables will have the same privileges as all other paid members, plus they will receive a one week free trial to TrackIT.*

"Management has worked in consultation with industry stakeholders and the Board to develop this program," said Linda Bedard, Standardbred Canada's Registrar and Manager of Member Services. "We recognize with large syndicate groups that new people may enter the business owning as little as 1% of a horse. It is our goal to help transition these new owners into a full membership over a period of time.

"With the benefits associated with Standardbred Canada membership, including an annual subscription to Trot Magazine, and TrackIT at the membership rate, we would like to see all owners, across the country - even those in large racing clubs and groups, to become full members," said Bedard.

Membership fees are subject to GST/HST and the tax rate is based on the residency of the member.

The rates, including taxes, break down as follows:

  • AB, BC, SK, MB, QC = $45 + 5% GST $2.25 = $47.25

  • ON, NB, NL = $45 + 13% HST $5.85 = $50.85

  • NS = $45 + 15% HST $6.75 = $51.75

  • PE = $45 + 14% HST $6.30 = $51.30

Please note:

► NL will increase HST rate to 15% effective July 1, 2016
► PE will also increase HST rate to 15% effective Oct 1, 2016

For more details on the program, contact Standardbred Canada's Member Services department.

* - the TrackIT trial is good for one week or 200 queries, whichever comes first


view counter
 
 
 

© 2018 Standardbred Canada. All rights reserved. Use of this site signifies your agreement and compliance with the legal disclaimer and privacy policy.

Firefox 3 Best with IE 7 Built with Drupal