HST
Enough said!
Enough said!
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Have to agree with this!Comment -
explain to us non canucksComment -
both are taxes provincial and federal are becoming one.... so things that we never had to pay federal taxes on we now have to.... so instead of paying 7% tax on houses we now have to pay 14%..... other things like food,baby stuff etc.
goverment passed it off as a time saving method.... and know that its coming everyone is pissed off.....Comment -
true but sales tax is far more efficient than other distortionary taxes like capital gains taxes, income taxes, etc.
They should replace all taxes with a single large HST.Comment -
Some stuff is still exempt from the provincial part of the tax, such as the baby items.Originally posted by sundin4prez
Ontario Harmonized Sales Tax (HST)
The 8% Ontario sales tax and the 5% GST are being combined into a single 13% value-added sales tax that will be federally administered, starting July 1, 2010. There are some made-in-Ontario components:
Books, children's clothing and footwear, diapers, children's car seats and car booster seats, and feminine hygiene products would be exempt from the 8% provincial portion of the tax.
Purchasers of newly constructed homes under $400,000 would not be subject to an additional tax burden. Buyers of new homes valued between $400,000 and $500,000 could claim a proportional rebate.
New rental housing rebate, similar to the enhanced new housing rebate, for new residential rental properties.
Up to $400 million in one-time sales tax credits would be provided to help small businesses make changes to point-of-sale and accounting systems.
Provincial portion of the [COLOR=#336699 ! important][COLOR=#336699 ! important]tax [COLOR=#336699 ! important]rate[/color][/color][/color] on transient accommodation, such as hotel rooms, would rise from 5% to 8%. Approximately $40 million a year would be allocated to support destination marketing in Ontario tourism regions once these are established.
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The HST/GST has been in Canada for years. This isn't old news.Comment -
new to ontario .....Originally posted by PuckOffComment -
sounds like you guys are getting fukkedComment -
we're not getting phaked. free health care, great beer and strippers as well as a failry low crime rate. What more can we ask for?Comment -
The folks in Ontario just need to shut the phak up and go with the flow. The HST is no big deal really. People just fear change. Crazy Upper Canadians. Speakign of crazy Upper Canadians, where's Buzzy these days?Originally posted by sundin4prezComment