[Drift_Monkey]

Quoted from VAncouver Sun.

http://www.vancouversun.com/business/fp/harmonize+sales+cent+next+July/1820717/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."

[DVS8]

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.

[moomooCow]

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

[thumper]

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

[bsftong]

"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_releases_2009-2013/2009PREM0017-000141.htm

[BNR32_Coupe]

we should get natives to start paying taxes

[twitchyzero]

^but we robbed their spiritual grounds

[urrh]

^bs that happened centuries ago
get over it

[2damaxmr2]

that is BS...

[ScizzMoney]

we should get natives to start paying taxes

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.

[Mashimaro]

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.

[hotjoint]

shit

[BNR32_Coupe]

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

[ilvtofu]

doesn't affect me, i stole everything I own

[q0192837465]

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

[shenmecar]

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

[Gh0stRider]

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

[ScizzMoney]

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.

[q0192837465]

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

[shenmecar]

but Indians can get into Univeristy easier and have special scholarships

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

[Tapioca]

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

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.

[ALuu918]

Government thinks that Companies > individuals.

[Durrann1984]

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.

agreeed

[ilvtofu]

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

I see what u did there...;)

[twitchyzero]

but Indians can get into Univeristy easier and have special scholarships

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?

[woob]

lol 1/16 Metis.

so you're <=1/32 aboriginal haha

[taylor192]

A combined tax with exemptions is not much better than the 2 different taxes. It saves some paperwork, yet not as much as you'd expect.

Its a step in the right direction towards a simpler tax code. We pay lots to accountants, lawyers, ... to interpret the many tax laws we have. A simple flat tax (VAT) would be much better.

[Ferra]

Great news for business owner ;) (It will help them save a good chunk of PST expenses)
Unfortunately most of them probably won't pass that saving on to the customers :haha:

[Synaptik]

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

and how many native indians do you think makes it into universities?

[InvisibleSoul]

Besides having to pay what would be equivalent to the PST on stuff like groceries as mentioned, what else does having the HST translate to in the real world for us regular folk in our day to day lives?

[CRS]

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

You mean FREE university?

[you]

how about just abandoning the idea of collecting tax:)
i still think these fucking taxes r too high, hurts every time i look at my paycheque and see that i get robbed 1/3 of whats mine:(

[gars]

i agree with sales tax - rather than income tax. people who spend pay more shouldn't be rewarded compared to people who are saving money. remember - it's the banks lending to people who didn't save up money properly in the first place that screwed over out economy.

up to a certain extent of course, too much sales tax would stagnate the economy...

[Shun Izaki]

we should get natives to start paying taxes

agreed, first day i worked at park royal mall, i had no idea what the fuck a status card was.

That confused the shit outta me, and i told the guy he couldn't bargain on prices, bahahhaha

[Roach]

Restaurants are going to be hurt.

Not only will customers have to pay an additional 7% on their meal, customers will have to multiply their tip on that! haha.

Therefore, your $20 meal went from:

$20 x 1.05 GST x 1.15 tip = $24.15

to

$20 x 1.12 HST x 1.15 = $25.76

Food for thought...

Kev

[K-Dub]

Restaurants are going to be hurt.

Not only will customers have to pay an additional 7% on their meal, customers will have to multiply their tip on that! haha.

Therefore, your $20 meal went from:

$20 x 1.05 GST x 1.15 tip = $24.15

to

$20 x 1.12 HST x 1.15 = $25.76

Food for thought...

Kev

Tip before tax, don't tip on the tax.

[!SG]

we robbed their ancestors spiritual grounds...

if we apply the same type of theory towards all of history, england would be in a world of debt until all of mankind is completely destroyed.

^but we robbed their spiritual grounds

[TRD3000GT]

Consider moving to Alberta...

[twitchyzero]

I meant to add a sarcasm emoticon but i guess that didnt show up

[!SG]

things i see will happen

out of province purchases will increase. only the state side ones will be taxed when crossing the border. less ppl will eat out, now you have to pay 7% more to eat out, it may not effect everyone, but it will effect a portion of ppl. more online purchasing, and services, eg tax consulting via online submission. may or may not happen because this is somewhat tax deductible.

[Durrann1984]

important question: do we get taxed on our groceries ??

[!SG]

What gets taxed: PST-exempt goods and services to be subject to B.C.’s harmonized sales tax

GOODS

• Residential fuels (electricity, natural gas) and heating.

• Basic cable TV and residential phones.

• All food products (only basic groceries will remain exempt under new tax).

• Non-prescription medication.

• Vitamins and dietary supplements.

• Bicycles.

• School supplies (books will continue to be exempt).

• Magazines and newspapers.

• Work-related safety equipment.

• Safety helmets, life jackets, first-aid kits.

• Smoke detectors and fire extinguishers.

• Energy conservation equipment (e.g., insulation, solar power equipment).

SERVICES

• Personal services such as hair care.

• Dry cleaning.

• Repair services for household appliances.

• Household maintenance such as renovations and painting.

• Real estate fees.

• Membership fees for health clubs.

• Movie and theatre tickets.

• Funeral services.

• Professional services such as accounting and home care.

• Airline fares within Canada.

[!SG]

so it says basic groceries will be exempted, i assume that means produce, meats, etc. processed foods will get taxed

[Gnomes]

So is the HST another tax grab? Increase user-fee type scheme?

[winson604]

Restaurants are going to be hurt.

Not only will customers have to pay an additional 7% on their meal, customers will have to multiply their tip on that! haha.

Therefore, your $20 meal went from:

$20 x 1.05 GST x 1.15 tip = $24.15

to

$20 x 1.12 HST x 1.15 = $25.76

Food for thought...

Kev

umm nope you tip before tax not after. Looks like you were paying additional way before this HST came out haha

[TylerY]

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.

and how many native indians do you think makes it into universities?

:rolleyes:

[misteranswer]

A combined tax with exemptions is not much better than the 2 different taxes. It saves some paperwork, yet not as much as you'd expect.

Its a step in the right direction towards a simpler tax code. We pay lots to accountants, lawyers, ... to interpret the many tax laws we have. A simple flat tax (VAT) would be much better.

I think you're mixing up the names of the concepts.

So is the HST another tax grab? Increase user-fee type scheme?

When they harmonized in some of the Atlantic provinces, the results ended up in less tax revenue collected than when it was separate. Mostly it's because of businesses being able to deduct the amount of HST they paid for capital whereas previously if they ended up paying PST they couldn't really deduct it. Studies on Ontarios adoption of the HST also indicated that less taxes would collected overall.



The point of harmonization isn't so the extra savings for businesses will be passed on to consumers. The point is to decrease the cost businesses incur when purchasing capital so they would invest more.

[!SG]

according to the gov't the total amount of tax they will receive will not go up. bull shit!

the % of tax has not increased, but the total amount of taxable items has, thus more items to tax, the amount increases thus more tax revenue to the gov't

So is the HST another tax grab? Increase user-fee type scheme?

[winson604]

Ah wells since I gotta pay 7% more for eating out I'll just tip 7% less haha. The servers who usually bitch about tipping being mandatory and bitch about only getting under 20% when they did nothing will love this one.

[!LittleDragon]

and how many native indians do you think makes it into universities?

I know a few but they were too proud to take a handout and paid for it themselves.

[CorneringArtist]

So the consumer suffers in place of businesses. Thank you Gordon Campbell for ANOTHER fuck up by the BC Liberals. Why should the people have to pay off on taxes that "won't change how much the government receives"? I'd rather KEEP paying GST/PST.

And about the Natives=free university thing. I know a buddy in Arizona who has ancestry tracing back to BC aboriginals, and he could have gotten a free ride to UBC or SFU, but chose to go to a computer tech school in his home state.

[twitchyzero]

so when do they project to implement this?

i didnt see a date/time frame

[winson604]

^^
July 2010 from what somebody told me but I'm not too sure myself.

[ziggyx]

so when do they project to implement this?

i didnt see a date/time frame

http://www.bclocalnews.com/fraser_valley/missioncityrecord/news/51496832.html

According to that article it's effective july 1st 2010

SOO in other words anyone here wanting to buy a used car better do so now...that OR gift it haha

[tiger_handheld]

according to the gov't the total amount of tax they will receive will not go up. bull shit!

the % of tax has not increased, but the total amount of taxable items has, thus more items to tax, the amount increases thus more tax revenue to the gov't


not quite true. the gov is expecting retailers to discount the actual product.

ex.

old way:
100 food bill x 1.05 = 105

new way:
93.75 food costs x 1.12 = 105


will the retailers discount $6.25 ? its up to them...

[JesseBlue]

screw this...i know its not gonna benefit us. its another resource for them (politicians) to say they deserve a raise

[!SG]

both you and i know that no retailer is gonna volunteer to take the discount when inflation and cost of living keeps going up.

not quite true. the gov is expecting retailers to discount the actual product.

ex.

old way:
100 food bill x 1.05 = 105

new way:
93.75 food costs x 1.12 = 105


will the retailers discount $6.25 ? its up to them...

[you]

So is the HST another tax grab? Increase user-fee type scheme?

pls tell me a time when a new system that was announced before was not a tax grab
fucking faggot ass gov...bc has seriously gone downhill in the past yrs..

[antonito]

i agree with sales tax - rather than income tax. people who spend pay more shouldn't be rewarded compared to people who are saving money. remember - it's the banks lending to people who didn't save up money properly in the first place that screwed over out economy.

up to a certain extent of course, too much sales tax would stagnate the economy...

Sales taxes are considered regressive because the comparison shouldn't be between people of equal payscales that either save or don't, it's about comparing the different payscales themselves.

There's a certain amount of money that has to be spent in order to stay alive, unless you just leach off people or whatever. Lets say it's $5000 a year (food, clothes, transportation, etc) for the average person.

Now, if you make $20,000 a year, you're getting taxed on 25% of your income no matter what your spending habits other than just staying alive/keeping a job/etc.

If you make $200,000 a year and scrimp and save so you're only purchasing the bare minimum, you're getting taxed on only 2.5% of your income.


Plus upward mobility, which is basically that if you make nothing and only have $1000 at the end of the year to try to invest to grow your money, your options are severely limited. Put a thousand dollars into the bank and watch it grow by entire dollars of interest after fees. Have $100,000 sitting around at the end of the year, and you can buy an investment property, have a diversified stock portfolio run by a (hopefully) competent manager, or just throw it into a much higher interest rate savings account and get actual returns that aren't halved by fees.

Blah blah blah, income taxes don't hurt the middle class/rich nearly as much as sales taxes hurt the poor/working class.

[ScizzMoney]

About the school being free thing, not all Natives get free University or College. It isn't very hard to get help with funding, which is a good thing. You do have to apply to get it, and have good enough grades, just like a normal scholarship. You also have to have an interview and to show the financial officer of the band that you actually have a game plan after you receive an education. If you fuck it up and don't pass or just stop going, you will have to pay the money back to the band. Which is also good, because it comes from money from tax payers. There are some Indian bands which don't make students pay them back, but usually those are bands that have a good amount of money, either from leasing land out, or having businesses that are profitable (ie. Casinos).

But really, would you guys rather see a bunch more uneducated Natives running around in the streets? Or some more like myself and my family that have the brains to hold jobs and run businesses?

As for property taxes. Natives do not have to pay property taxes if the house they have is on reserve.

Off reserve, we're just like everybody else. Except we don't sunburn :P

[cunninglinguist]

Quoted from VAncouver Sun.

http://www.vancouversun.com/business/fp/harmonize+sales+cent+next+July/1820717/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."

I don't get it. How's it going to be so much better when the combined tax is the same.

[Vansterdam]

interesting

[GordonTse]

umm nope you tip before tax not after. Looks like you were paying additional way before this HST came out haha

damn, my whole life i've been paying tip on top of tax. :cry:

[johny]

out of province ordering will be interesting. ordering stuff from alberta now you pay only GST. I think after this law any goods shipped to BC they will have to charge you the BC HST.

[StylinRed]

hmm... seems like a horrid idea for the consumer

[StylinRed]

Restaurants are going to be hurt.

Not only will customers have to pay an additional 7% on their meal, customers will have to multiply their tip on that! haha.

Therefore, your $20 meal went from:

$20 x 1.05 GST x 1.15 tip = $24.15

to

$20 x 1.12 HST x 1.15 = $25.76

Food for thought...

Kev

you're assuming people even give a tip... or even give a tip based on percentages... (and if you did calculate your tip you dont tip on top of tax)

[hotjoint]

Ah wells since I gotta pay 7% more for eating out I'll just tip 7% less haha. The servers who usually bitch about tipping being mandatory and bitch about only getting under 20% when they did nothing will love this one.

:werd:

people will tip less. Good luck with that!

[!SG]

its a cash grab, doesnt matter what the gov't lies about it being neutral. its neutral if u look at it as being the same percentage of tax. however, the total number of taxable goods and services is now much higher. how many ppl do u know go out and eat? obviously everyone. well now that amount is taxed 7%. yes businesses can now claim higher pst, BUT its still only a percentage of it so in the end, the gov't still gets a bigger cut.

if the gov't didnt mis manage the tax dollars, and keep giving themselves raises much higher than any other civil servant would, there would be plenty of money to go around for the services that we all pay for!

[gars]

Sales taxes are considered regressive because the comparison shouldn't be between people of equal payscales that either save or don't, it's about comparing the different payscales themselves.

There's a certain amount of money that has to be spent in order to stay alive, unless you just leach off people or whatever. Lets say it's $5000 a year (food, clothes, transportation, etc) for the average person.

Now, if you make $20,000 a year, you're getting taxed on 25% of your income no matter what your spending habits other than just staying alive/keeping a job/etc.

If you make $200,000 a year and scrimp and save so you're only purchasing the bare minimum, you're getting taxed on only 2.5% of your income.


Plus upward mobility, which is basically that if you make nothing and only have $1000 at the end of the year to try to invest to grow your money, your options are severely limited. Put a thousand dollars into the bank and watch it grow by entire dollars of interest after fees. Have $100,000 sitting around at the end of the year, and you can buy an investment property, have a diversified stock portfolio run by a (hopefully) competent manager, or just throw it into a much higher interest rate savings account and get actual returns that aren't halved by fees.

Blah blah blah, income taxes don't hurt the middle class/rich nearly as much as sales taxes hurt the poor/working class.

i understand what you mean. and that's why we have different income tax brackets. what i mean, is that i agree with bringing down income tax, and increasing sales tax - rather than the opposite. i'm not saying that poor people should be taxed more, i think they should decrease taxes for low income brackets.

[ScizzMoney]

I think poor people should be taxed more because they seem to benefit from our tax dollars more :P

Police, Firemen, Ambulance workers are called more often to homes of low income than high income.

(I'm halfway kidding, but not really, but kind of, but not really)

[hotjoint]

its a cash grab, doesnt matter what the gov't lies about it being neutral. its neutral if u look at it as being the same percentage of tax. however, the total number of taxable goods and services is now much higher. how many ppl do u know go out and eat? obviously everyone. well now that amount is taxed 7%. yes businesses can now claim higher pst, BUT its still only a percentage of it so in the end, the gov't still gets a bigger cut.

if the gov't didnt mis manage the tax dollars, and keep giving themselves raises much higher than any other civil servant would, there would be plenty of money to go around for the services that we all pay for!

they're the government, even if they managed tax dollars correctly, I could still see them pulling some shit like this. Government are the biggest crooks.

[SkinnyPupp]

we should get natives to start paying taxes
Yeah! Those fuckers owe us big time! We're letting them stay on our land that they invad--- oh...

[twitchyzero]

damn, my whole life i've been paying tip on top of tax. :cry:

i just realized i might be doing the same all along

haha oh well i dont dine out that much

[Drift_Monkey]

I usually tip 10% of the total if they give decent service & 15% if they do really well.

Some people tip more generously eg. 15 - 20% of the total

[AMG_ETR]

[url]

SOO in other words anyone here wanting to buy a used car better do so now...that OR gift it haha


this going to really suck for the private used car market, saving 5% GST buying private was a nice incentive, now you might as well go to a stealership...
or you can just put a lower purchase price...

[Shead]

we should get natives to start paying taxes

best fucking idea in a long time!

[stuff99]

New homes are just one of the items that will be taxed more when B.C. adopts the HST next year.
(CBC)
B.C. consumers will soon be paying much more tax on items that were previously exempt from the provincial sales tax, including big-ticket
items like real estate, as part of the new harmonized sales tax.
Premier Gordon Campbell announced Thursday that the new sales tax, which will combine the five per cent GST and the seven per cent PST
into a single 12 per cent levy called the HST, will take effect in July 2010.
Under the new tax, consumers will pay a levy equivalent to the GST plus PST on restaurant meals, airline tickets, funerals and haircuts — all
items that were previously exempt from the PST.
New tax hit on real estate
But the biggest tax hit could be on those who buy new homes, which were previously exempt from the PST but not the GST.
The province will offer partial rebates of five per cent to a maximum of $20,000 on new homes. But someone buying a new $800,000 home —
roughly the average price for new house in Vancouver — will still pay an extra $36,000 in tax under that formula.
Vancouver realtor Tom Everett said the additional cost will cripple a market that had been recovering.
"They have absolutely lost their minds if they expect people to pay that sort of a tax. I don't understand why on earth the government would do
that to the housing economy, seeing as housing is one of the staples of a healthy economy, as you can attest to by checking out what's happening
in the U.S.," Everett said.
The provincial government insists the majority of new homeowners won't see a difference in prices when they buy a home under $400,000,
because of another PST rebate program for builders. But critics note there is nothing to ensure those rebates are passed on to consumers.
No consultation: NDP
Meanwhile, the B.C. New Democrats have accused the Liberal government of bringing in the new tax without consulting with affected groups
such as the tourism and restaurant industries.
Campbell and his party even dismissed the idea of a harmonized sales tax during the recent provincial election, according to NDP finance critic
Bruce Ralston.
“This sudden reversal caught consumers and many small businesses by surprise. During the campaign, the B.C. Liberals said they were opposed
to the HST,” Ralston said in a statement released Friday morning.
The NDP estimated the new tax could cost the average restaurant $50,000 a year in lost sales.
A number of items will still be exempt from the PST portion of the new tax: gasoline and diesel fuel for vehicles, books, children’s clothing and
footwear, children’s car seats and car booster seats, diapers and feminine hygiene products.

[you!]

damn, my whole life i've been paying tip on top of tax. :cry:

hahahaha lol what a sucker

[tiger_handheld]

hahahaha lol what a sucker


dont you want his pic? otherwise it didn't happen ;) ....

[Chairman Kaga]

New homes are just one of the items that will be taxed more when B.C. adopts the HST next year.
(CBC)
B.C. consumers will soon be paying much more tax on items that were previously exempt from the provincial sales tax, including big-ticket
items like real estate, as part of the new harmonized sales tax.
Premier Gordon Campbell announced Thursday that the new sales tax, which will combine the five per cent GST and the seven per cent PST
into a single 12 per cent levy called the HST, will take effect in July 2010.
Under the new tax, consumers will pay a levy equivalent to the GST plus PST on restaurant meals, airline tickets, funerals and haircuts — all
items that were previously exempt from the PST.
New tax hit on real estate
But the biggest tax hit could be on those who buy new homes, which were previously exempt from the PST but not the GST.
The province will offer partial rebates of five per cent to a maximum of $20,000 on new homes. But someone buying a new $800,000 home —
roughly the average price for new house in Vancouver — will still pay an extra $36,000 in tax under that formula.
Vancouver realtor Tom Everett said the additional cost will cripple a market that had been recovering.
"They have absolutely lost their minds if they expect people to pay that sort of a tax. I don't understand why on earth the government would do
that to the housing economy, seeing as housing is one of the staples of a healthy economy, as you can attest to by checking out what's happening
in the U.S.," Everett said.
The provincial government insists the majority of new homeowners won't see a difference in prices when they buy a home under $400,000,
because of another PST rebate program for builders. But critics note there is nothing to ensure those rebates are passed on to consumers.
No consultation: NDP
Meanwhile, the B.C. New Democrats have accused the Liberal government of bringing in the new tax without consulting with affected groups
such as the tourism and restaurant industries.
Campbell and his party even dismissed the idea of a harmonized sales tax during the recent provincial election, according to NDP finance critic
Bruce Ralston.
“This sudden reversal caught consumers and many small businesses by surprise. During the campaign, the B.C. Liberals said they were opposed
to the HST,” Ralston said in a statement released Friday morning.
The NDP estimated the new tax could cost the average restaurant $50,000 a year in lost sales.
A number of items will still be exempt from the PST portion of the new tax: gasoline and diesel fuel for vehicles, books, children’s clothing and
footwear, children’s car seats and car booster seats, diapers and feminine hygiene products.

Awesome paragraph formatting :rolleyes:

[stuff99]

Awesome paragraph formatting :rolleyes:

I was nice enough to copy and paste for you already.

It just turned out that way when I pasted.

[SpuGen]

I think Native people should be taxed more because they seem to benefit from our tax dollars more :P

Police, Firemen, Ambulance workers are called more often to homes of Native people than others

(I'm halfway kidding, but not really, but kind of, but not really)

:)

[StylinRed]

this is why you guys should have voted the NDP in

[ScizzMoney]

:)

Touche

[q0192837465]

this is why you guys should have voted the NDP in

Not really, we'll end up be fucked by the NDP in another way.

Hey, actually, if u think about it, the timing of this tax is perfect. By Jul, 2010, the bills for the Olympic will be coming and by having this huge surge of tax money, they can sort of pay off the bills. Then they can tell us how, contrary to wut we all think, the Olympic is not losing money and we all should stfu.

[2damaxmr2]

another reason to move back to Alberta

[ZhangFei]

how does taxing native people solve anything? natives do not hold a lot of wealth in canada.

if anything we have to tax white people...... more... lol.

[!SG]

NDP will overspend, then blame the liberals for the over spending.

liberals will just lie.

so there really isnt a lesser of the evils.


this is why you guys should have voted the NDP in

[you!]

dont you want his pic? otherwise it didn't happen ;) ....

sorry young/hot females only
...u a female by any chance?...if so pics or u didnt happen:lol

[antonito]

I think poor people should be taxed more because they seem to benefit from our tax dollars more :P

Police, Firemen, Ambulance workers are called more often to homes of low income than high income.

(I'm halfway kidding, but not really, but kind of, but not really)

It seems that way, but when you delve into it, high income earners get far more out of government services that poor people do, or use. It just doesn't seem that way because, like you said, poor people have far more direction with government officers than wealthy people.

Rich people typically rely heavily on what the government provides in order to make their money. Never mind government contracts, simply creating the conditions under which to do business. Everyone benefits from the government in one way or another, but it's amplified for business owners.

For example:

education. Both for the owner and for their employees. Life's a lot easier when the government is both subisdising and doing quality control on the education of prospective employees.

Roads/transportation - want to sell your goods? Better have a way of transporting them. Having an interstate highway isn't really to make peoples summer roadtrips better, it's to make shipping goods cheaper.

Protection: Getting your TV stolen is a bitch. Having all your merchandise stolen again and again is the best way to lose a business. And of course inernational protection. Pirates are becoming all the rage these days, but it pales in comparison to what it was like before governments actually put the money and effort into stopping mass piracy.

Civil courts - It'd be pretty crazy to get payment if there weren't civil courts. Other than hiring mercenaries, if someone decided to stiff you on a million dollar contract, what the hell would you do?

Medical - especially in Canada. One of the major reasons that GM/Ford?Chevy have plants in Canada is simply that the government healthcare saves millions upon millions of dollars for the company. That and the fact that healthy employees are a must for continued profitability.

There's lots of others, I'm just to lazy to go look them up. But I think the general idea is pretty clear. It may cost the government $20,000 a year to go clean up after Joe Crackpipes binges, but it costs the government $1,000,000 to provide the share of roads, education, healthcare, etc, etc that keeps Joe Awesome Incorporated humming along.

[Amuse]

So buying a house now, you will have to pay HST on top of PST?

[raygunpk]

Restaurants are going to be hurt.

Not only will customers have to pay an additional 7% on their meal, customers will have to multiply their tip on that! haha.

Therefore, your $20 meal went from:

$20 x 1.05 GST x 1.15 tip = $24.15

to

$20 x 1.12 HST x 1.15 = $25.76

Food for thought...

Kev

I always tip after tax too, but couple of my buddies told me you're supposed to calculate the tip before tax. Is that how everyone does it?

[Amuse]

copied from a local realtor petition email:
"If your Buyer purchase a new house/condo, say $1,000,000, on completion date,
they have to pay PST: $ 18,000 (1% on 1st $200,000, 2% on balance)
and the new HST: $120,000 (12% on purchase price, with 7% to be recovered later)
Subtotal TAX: $ 138,000 (on top of purchase price on completion date)"

[Drift_Monkey]

copied from a local realtor petition email:
"If your Buyer purchase a new house/condo, say $1,000,000, on completion date,
they have to pay PST: $ 18,000 (1% on 1st $200,000, 2% on balance)
and the new HST: $120,000 (12% on purchase price, with 7% to be recovered later)
Subtotal TAX: $ 138,000 (on top of purchase price on completion date)"

Holy shit... thats 13.8% on top of purchase price.

[misteranswer]

copied from a local realtor petition email:
"If your Buyer purchase a new house/condo, say $1,000,000, on completion date,
they have to pay PST: $ 18,000 (1% on 1st $200,000, 2% on balance)
and the new HST: $120,000 (12% on purchase price, with 7% to be recovered later)
Subtotal TAX: $ 138,000 (on top of purchase price on completion date)"

I wonder what does the local realtor mean when he says "7% to be recovered later" while still just adding those two numbers up.

[goo3]

copied from a local realtor petition email:
"If your Buyer purchase a new house/condo, say $1,000,000, on completion date,
they have to pay PST: $ 18,000 (1% on 1st $200,000, 2% on balance)
and the new HST: $120,000 (12% on purchase price, with 7% to be recovered later)
Subtotal TAX: $ 138,000 (on top of purchase price on completion date)"

I think you mean PTT - Property transfer tax - not PST.

[urrh]

I always tip after tax too, but couple of my buddies told me you're supposed to calculate the tip before tax. Is that how everyone does it?

yes

[miss_crayon]

^^ PTT not PST

there will be a new sliding scale for HST rates with every price range so not everyone will be paying the full 12 (i'm pretty sure on this. will have to double check). PST will only effect those who are purchasing their homes since the release of the news of this new tax (so ...a couple days ago) but anyone before that will stick to the 5% tax.

[Nocardia]

how does taxing native people solve anything? natives do not hold a lot of wealth in canada.

if anything we have to tax white people...... more... lol.

Do you even know many white people?

We gotta figure out a way to tax all those "students" who drive $100,000 cars to school.

[Nocardia]

^^ PTT not PST

there will be a new sliding scale for HST rates with every price range so not everyone will be paying the full 12 (i'm pretty sure on this. will have to double check). PST will only effect those who are purchasing their homes since the release of the news of this new tax (so ...a couple days ago) but anyone before that will stick to the 5% tax.

can someone keep us informed about this?

where is the best place to actually understand this? I am hearing that there really isn't going to be much of a change due to some rebate. Anyone confirm? (like with an actual website, not a word of mouth)

[ASG111]

^^ PTT not PST

there will be a new sliding scale for HST rates with every price range so not everyone will be paying the full 12 (i'm pretty sure on this. will have to double check). PST will only effect those who are purchasing their homes since the release of the news of this new tax (so ...a couple days ago) but anyone before that will stick to the 5% tax.


i always thought for real estate, we're currently paying 5 % GST and 7% PST, so 12% total already?

or for any real estate for whatever amounts, we are ONLY paying 5% GST?

Call me stupid, but how does this whole HST coming in benefit businesses and consumers? it just benefits the government... ?

[Mugen EvOlutioN]

gay changes


fucking campbell

[Quicktrade]

I will be going out to eat less and less each week...I will eventually be broke...

[quasi]

i always thought for real estate, we're currently paying 5 % GST and 7% PST, so 12% total already?

or for any real estate for whatever amounts, we are ONLY paying 5% GST?

Call me stupid, but how does this whole HST coming in benefit businesses and consumers? it just benefits the government... ?

Currently on a new home you only pay GST and property transfer tax, on homes that have been lived in it's property transfer tax only. I believe if you put less then 20% down you also have to pay CMHC insurance which is on a sliding scale depending what percentage you have has a down payment.

From what I understand business we'll be able to write more things off because of the taxes getting lumped together.