He says there's no agreement right now, but the Ministry of Finance is in discussions with mutual fund companies and other groups to make sure his government “gets it right” on tax harmonization.

McGuinty wouldn't say whether he was sympathetic to the industry's complaints about merging the eight per cent Ontario sales tax with the federal GST, which would hike the cost of many items currently exempt from the provincial levy.

His comments appear to put him at odds with Finance Minister Dwight Duncan, who had reportedly taken a hard line against the mutual fund industry's complaints about the HST.