Liberals admit HST will cost families up to $480 a year
Tuesday, June 8th, 2010
The wider issue is not the cost to families (which most of us will be able to absorb) and the marginal productivity gains the largest businesses will realize by streamlining accounting procedures, but the fact that this is a tax harmonization initiative – which will move our tax regimes closer to those of the EU and other jurisdictions. Guess what? We’re presently negotiating a free trade agreement with the EU.
Update (2010/06/10): This take on the HST’s global role was confirmed in part by Colin Hansen, the BC Finance Minister, speaking on CBC’s The Current this morning. Listen to the interview with Bill Vander Zalm and Colin Hansen, in particular the bit around 21:46. “The shift to value added tax is a global movement, it is a modernization of the tax system, and it’s very important.” So why didn’t the Feds call it a VAT?
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Robert Benzie, The Toronto Star
June 8, 2010
Rebate cheques being mailed this week
HST rebate cheques are being mailed out this week, but Ontarians may want to bank some of the money as the new tax will eventually cost households up to $480 a year.
In fact, 51 per cent of Ontario families will pay more in taxes by 2012, according to the Liberal government’s own study on the impact of the business-friendly 13 per cent harmonized sales tax. The tax takes effect July 1.
Speaking to an Ottawa radio station, Premier Dalton McGuinty emphasized that the transition payments of up to $1,000 per household should offset higher levies on gasoline, electricity, and other goods and services.
“We’ve worked really, really hard to minimize the impact of the HST,” McGuinty told CFRA Radio.
NEW CREDIT FIRST NATION–Cows casually graze and a man cuts grass in front of the Willow Park Tent and Trailer Campground and banquet centre, which proprietor Marvin LaForme jokes is his community’s version of the Eaton Centre.
Richard Lajeunesse, a 53-year-old member of the Grassy Narrows First Nation in Northwestern Ontario, watched his community get poor Internet service with the help of one government grant, saw it upgraded with a second, and might see his Internet service business taken away by a third.
Police in southern Ontario are reported to be searching for a man who bought what they consider to be a suspiciously large amount of fertilizer – enough, they say, to make a bomb.
Rod Blagojevich tried to enrich himself and his friends through a number of “illegal shakedowns,” a U.S. prosecutor charged Tuesday in opening remarks at the former Illinois governor’s corruption trial in Chicago.
European markets traded lower for a third day Tuesday amid continuing concerns about sovereign debt and slowing economic growth.
The company awarded a federal government contract to provide private security for the G8 and G20 summits is not licensed in Ontario.
Premier Gordon Campbell spent his weekend rubbing shoulders with some of the world’s leading political and business figures at the 58th annual Bilderberg Meeting in Sitges, Spain.