REVscene Automotive Forum - HST "Pre Collection Period" starts May 1st.

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HST "Pre Collection Period" starts May 1st.

http://www.globaltvbc.com/Dodge+coll...082/story.html

Quote:

Weary B.C. taxpayers have already drawn a black circle around an ignominious date on their 2010 calendars: July 1 -- the day when the dreaded HST kicks into effect.

But I suspect far fewer taxpayers realize another date-that-will-live-in-infamy is approaching even faster: May 1, the day when the government's HST "pre-collection period" begins.

Yup, the government is going to start charging the harmonized sales tax on some goods and services just one week from now -- a full two months ahead of the full HST implementation date.

It's a sucker punch most taxpayers won't see coming until it hits them in the teeth next Saturday. But, if you act fast enough, it's a punch you can duck -- and save yourself some loot.

The HST "pre-collection period" works this way: Any HST-applicable goods and services that you pay for in advance, but which you will not take delivery of until July 1 or later, will be subject to the new 12-per-cent tax starting May 1. But if you pay for those same goods and services on April 30 or earlier, the HST will not apply, even if you take delivery of those goods and services after July 1.

Here's an example: Let's say you want to buy a pair of season tickets to the B.C. Lions this year. If you buy that pair of premium seats today, it would cost you $1,302. If you buy that same pair of season tickets May 1, the price jumps to $1,388. In other words, Lions fans, you better start scrambling like Jarious Jackson and pay for those season ducats right now, if you want to save yourself $86.

Why the fast-approaching price hike? It's because football tickets are currently subject to the five-per-cent GST only. They are exempt from the seven-per-cent provincial sales tax. When the combined HST kicks in, PST-exempt items will jump seven per cent in price.

Thinking of taking a summer vacation? Then you'd be wise to book your airfare this coming week if you are flying after July 1. That's because airline tickets are also PST-exempt, but will get slammed with the HST come July 1. If you pay for those airline tickets before May 1, you will pay only the GST, and save seven per cent.

Other PST-exempt items you should consider buying this coming week include concert tickets, symphony and theatre tickets, private summer camps for kids, season passes for attractions like Butchart Gardens near Victoria and annual fitness-club memberships.

I know what some of you are thinking: What if I need to put a new roof on my house this summer? Can I pay for it before May 1 and save seven-per-cent?

"In theory, yes," famous home-renovation expert Shell Busey told me Thursday.

"But it's risky to pay a contractor the full price in advance. What if the contractor disappears with your money? What if the work is unsatisfactory? Consumers should be cautious."

Finally, who says you can't avoid death and taxes? Prepaid funerals are set for a stiff price hike on May 1, but you can dodge the grim-reaping taxman if you pay for your own funeral before next Saturday.

That might give you some comfort on your death bed -- if you can forget the B.C. Liberals promised not to bring in the HST in the first place.

:fuuuuu: :fuuuuu: :fuuuuu: :fuuuuu: :fuuuuu: :fuuuuu:

pre collection my fucking ass

fuck the government

:mad: :mad: :mad:

is this publicly announced for the first time?
because 1 week notice is hella weak.

"Here's an example: Let's say you want to buy a pair of season tickets to the B.C. Lions this year. If you buy that pair of premium seats today, it would cost you $1,302. If you buy that same pair of season tickets May 1, the price jumps to $1,388. In other words, Lions fans, you better start scrambling like Jarious Jackson and pay for those season ducats right now, if you want to save yourself $86."

How about BC Lions discount the tix by $86 after May 1, cuz they will be receiving their "discount" back by HST credit. Cuz in theory that is what the HST is suppose to do - business claims input taxes, and passes the savings to consumer.

that's in theory. Communism works in theory too.

Quote:

Originally Posted by hk20000 (Post 6920789)

that's in theory. Communism works in theory too.

Lol my thoughts exactly,

my money's on next 3 years as the economy recovers, you will see business post the largest increase in revenue/profit. EVER.

I will never vote for the Liberals in my lifetime again. Asswipes.

Quote:

Thinking of taking a summer vacation? Then you'd be wise to book your airfare this coming week if you are flying after July 1. That's because airline tickets are also PST-exempt, but will get slammed with the HST come July 1. If you pay for those airline tickets before May 1, you will pay only the GST, and save seven per cent.

OMG, are you serious?!?

Quote:

That might give you some comfort on your death bed -- if you can forget the B.C. Liberals promised not to bring in the HST in the first place.

Quote:

Originally Posted by Gt-R R34 (Post 6920799)

I will never vote for the Liberals in my lifetime again. Asswipes.

LOL, round and round we go. Most the Province was saying the samething about the NDP in 2001 when the Liberals ended up winning 77/79 ridings. It goes round and round.

Quote:

Originally Posted by quasi (Post 6920818)

LOL, round and round we go. Most the Province was saying the samething about the NDP in 2001 when the Liberals ended up winning 77/79 ridings. It goes round and round.

Exactly. People have short memories. The NDP was absolutely horrible during the 90's, and everyone was screaming how they would never vote NDP again. Well, judging by the survey's recently done, looks like the NDP could be coming into power next election. Not that I like the Liberals either, I hate both parties equally.

what the hell? Pre Collection Period?!
I really better start looking for my airline tickets for Asia this summer then...

Quote:

Originally Posted by quasi (Post 6920818)

LOL, round and round we go. Most the Province was saying the samething about the NDP in 2001 when the Liberals ended up winning 77/79 ridings. It goes round and round.

sigh......
:(

either way we are hooped

Pre collection period its not bad enough that they are raping us come july 1st they have to start earlier shafting us. Lets hope that these anti-HST campaigns actually work and this gets taken out the. The only people that the HST helps is big business, in theory the big business is supposed to lower there rates because they get the tax credit back..........how many businesses you think will do this. This is just another way for the govt to shaft us. And to boot Gordon Campbell promised in his election campaign that he would NOT introduce the HST way to fall right into the stereotypical politician: LIEING THIEVING MONEY HUNGRY.
Watch in a few months time they will themselves another "well deserved" raise.

Talk about getting bent over with no lube, what a fucken joke our goverment has become.
Posted via RS Mobile

Quote:

Originally Posted by hk20000 (Post 6920789)

that's in theory. Communism works in theory too.

my point exactly. when we discussed about passing the savings to consumers at my work , guess what the ceo said ; "FUCK THAT"

Quote:

Originally Posted by tiger_handheld (Post 6920784)

So, there is a major problem with this, and it really annoys me. Not with the poster, but the government pushing this through without proper introduction.

You are never going to see the $86 dollars that we are promised in theory.

I can only really talk from the perspective of my own business. I own a small renovation company.

I pay PST on items and don't charge it. Therefore, I eat PST. In theory, the HST is made for me. I now charge 12%, and collect refunds for 12% on inputs. The problem with your $86 is the the spread between inputs and outputs. It's called profit. I can be a good business owner and say I'm going to pay it forward. I deduct the PST that I paid on your project an change my final bill accordingly.

Keeping the math really simple:

I pay $1000 in materials for a $2000 job. Wow, in my example, I make shit money, but whatever.

Current System
1000 2000
PST 70
GST 50 100
Total 1120 2100

New System
1000 2000
HST 120 240
Total 1120 2240

With HST system, I "make" an extra $70. You pay an extra 120.

I can only "save" you the $70. Meaning you will pay an extra $50.

Here is the big point...am I going to change my prices to the point where I don't lose money, and pass on the PST. No. And no one is. No one will connect that.

They should have made it 10%, and sold it as a lower tax overall. They would have been hailed as revolutionary in their tax reform.

That is the part that frustrates me. Don't tell me that the extra $50 you pay for me to put in a new floor is going to save the economy. People are calling it for what it is, a big ole tax grab because the deficit was supposed to be $500 million, and came back from the accountants at 1.2 billion.

wow this is so fucked, nothing we can do about it either. Government are legal theives

Quote:

Originally Posted by hk20000 (Post 6920789)

that's in theory. Communism works in theory too.

No it doesn't

Hmm, chit... got my wedding comming up in August... need to pay for stuff NOW.

heard this on the radio this morning, so BS. hate the gov't.

Quote:

Originally Posted by Amuse (Post 6920800)

OMG, are you serious?!?

FUCK