The HST is coming shortly and while it has been the subject of widespread partisan attack it does make sense. Having two different value added taxes simply creates paperwork. Here are some additional points:
● the HST and related changes cuts income taxes for 93% of Ontario families
● Under the HST, 83% of what a family spends won’t see any change in tax, while 17% of what a family spends will see a change
● That means while most things won’t change, some will - like taxis, gas, electricity and hair cuts
● To help with the transition to the HST, eligible families with incomes of less than $160,000 will receive three payments totalling $1,000
● And a new Ontario Sales Tax Credit will provide up to $260 per year, per person for middle and low income families
● The tax cuts and elimination of hidden taxes on businesses means Ontario is cutting in half the tax rate on new business investments
4 comments:
"Under the HST, 83% of what a family spends won’t see any change in tax, while 17% of what a family spends will see a change"
Does Morton spend his money the same way that Dalton does?
How does Dalton know how Morton spends 83% of his money.
Dalton should be hung by a noose for taxing citizens who don't want to be taxed.
Taxing without consent is not cool.
Could lead to civil war.
I'm at my desk right now on Fathers Day. As a small contractor the added 8% of Mr McGuinty's new tax is becoming a nightmare. I have four contracts right now that my clients are insisting I eat the 8%, or, they have other GC's that will take cash. One contract is worth 20g's, so this client now has to pay an extra 1600$ and is pissed and may just say forget it. For the past two months I've been witnessing the same thing. I hope for our sakes its not a trend, and, I hope for our sakes Dalton is right, because..if this continue's I will not be turning down cash jobs to be a good citizen. This Premier is starting to scare me. billg
It's creating a lot of hassle for retailers, software providers, etc. with all these categories of exceptions. Now they might change the status of native exemptions (in response to threatened G20 protests). Uh, hello, Dalton, it's Jun 20th and this is all effective July 1st.. do you think you might want to finalize this? This thing has been a nightmare from the get-go. GRRRRRRRRR
Instead of all of these complicated exceptions and tax credits to placate the masses, just reduce the provincial share to 7% and be done with it.
The Ontario Liberals can't stay in power forever, so they may as well take the political hit for this. The Conservatives and the NDP are just doing what all opposition parties do--make a lot of noise hoping to get some votes from low information voters.
The HST makes perfect sense--you're getting rid of a layer of bureaucracy and simplifying the process.
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