12% HST coming to BC
 

Quoted from VAncouver Sun.

http://www.vancouversun.com/business...717/story.html

B.C. to harmonize sales tax at 12 per cent next July:


VANCOUVER - British Columbia will be adopting a 12 per cent harmonized sales tax as of July 1, 2010 Finance Minister Colin Hansen announced today.

B.C. will have the lowest Harmonized Sales Tax (HST) in Canada, by combining the seven per cent B.C. Provincial Sales Tax (PST) with the five per cent federal Goods and Services Tax (GST), for a single sales tax rate of 12 per cent, the province said.

"This is the single biggest thing we can do to improve B.C.'s economy," Premier Gordon Campbell said in a press release. "This is an essential step to make our businesses more competitive, encourage billions of dollars in new investment, lower costs on productivity and reduce administrative costs to B.C. taxpayers and businesses. Most importantly, this will create jobs and generate long-term economic growth that will in turn generate more revenue to sustain and improve crucial public services."

what bugs me with this type of tax is that we now all have to pay PST on items that were PST exempt...i.e. restaurants, consultant services, children's clothes, groceries, etc.

^ yeah, don't we end up paying more?

^ same question as above... i hope not :(

"Similar to PST exemptions, the B.C. HST will provide consumers with point-of-sale rebates on a number of products including gasoline and diesel fuel for motor vehicles, books, children’s-sized clothing and footwear, children’s car seats and car booster seats, diapers and feminine hygiene products."

http://www2.news.gov.bc.ca/news_rele...017-000141.htm

we should get natives to start paying taxes

^but we robbed their spiritual grounds

^bs that happened centuries ago
get over it

that is BS...

We do pay taxes man. I don't get where people get the idea that we don't. I paid 36,000 dollars last year just on income tax alone, let alone taxes whenever I buy shit.

i think some people were under the impression that Natives who live on Native Reserve property did not have to pay taxes.

shit

my last job had a few native employees and they were bragging about not paying ANY income tax at all. they also have a special thing that exempts them from paying tax on buying stuff, but usually its too much of a hassle to explain to cash register workers for something like a stick of gum

doesn't affect me, i stole everything I own

hmmmm, i wonder if we have to end up collecting PST from out-of-province sales

so hows this going to work with foods? Do we just get a bigger cheque in the mail now?

we didn't rob them....you white people did.

Natives only don't pay taxes if they work on reserve land, and there are not many jobs on reserves. 95% of the working Native population work off reserve, therefore, pay taxes. If a native purchases something on reserve land, they can be exempt from the taxes. There are not too many businesses willing to go on reserve land, because it would have to be leased land to begin with. Not owned by the Crown, but owned by the local indian band.

but Native Indians can get into Univeristy easier and have special scholarships

you mean punjabi and hindus? I dont think so........

The details are scant at this point, but from what I've gathered, lower income earners should get a HST rebate when they file their taxes.

Theoretically, the reduced administrative costs for businesses should be passed onto the consumer. However, this won't likely happen as we saw that many small businesses just kept the extra cents in their prices after the GST cuts. The policy is a win for small and medium businesses and you could argue that we need this to make the province more competitive.

For those who don't file taxes and run *ahem* cash businesses, this will bring a much needed boost to provincial revenues.

Government thinks that Companies > individuals.

agreeed

I see what u did there...;)

it's true.

I should tell schools when applying that Im 1/16th Metis haha

Scizz just curious, I think people are referring to property tax as well. Is that not applicable to reserves?