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?
Related: Underground economy emerges in Ontario in response to HST | B.C. anti-HST petition hits target weeks ahead of schedule | Protesters worked up over HST levy on fitness | Anti-HST petition nears goal in B.C. | HST rage puts B.C. Liberals in a spot | Harmonized tax could cost Ontarians $5.9B a year | HST will cost families, McGuinty finally admits | HST begins taxing Ontario on Saturday | First Nations protest against HST | Canadian taxes fastest-growing expense: Report | BC Govt, Anti-HST Campaigners Dispute Legality of Pro-HST Leaflet | Electricity rates surge in Ontario | Up to 50,000 protest Charest’s tax hikes | Paul Volcker: VAT, Carbon taxes may be necessary | Nova Scotia budget hikes HST rate | Thousands protest Quebec budget | HST legislation introduced in B.C. | Facing years of deficits, Ontario freezes wages | Former premier Bill Vander Zalm rallies against the HST in BC | Ontario tax collectors get $45K severance, keep jobs in HST federalization deal | Athens erupts as Greek austerity plan passes | HST ad campaign debuts in Ontario | Ont. deficit could linger for years: McGuinty | HST bill passes, 13% tax starts July 1 | Poll: HST equals Hated Sales Tax | Anti-HST protest at Ontario legislature spills onto Toronto streets | Tories, Liberals, Bloc approve HST for Ontario and B.C.
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.