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HST "Pre Collection Period" starts May 1st.
shenmecar
04-23-2010, 08:50 AM
http://www.globaltvbc.com/Dodge+collection+period/2943082/story.html
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:
Mugen EvOlutioN
04-23-2010, 08:51 AM
pre collection my fucking ass
fuck the government
:mad: :mad: :mad:
twitchyzero
04-23-2010, 08:54 AM
is this publicly announced for the first time?
because 1 week notice is hella weak.
tiger_handheld
04-23-2010, 09:06 AM
"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.
hk20000
04-23-2010, 09:10 AM
that's in theory. Communism works in theory too.
Mugen EvOlutioN
04-23-2010, 09:11 AM
indeed
Gt-R R34
04-23-2010, 09:15 AM
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.
Amuse
04-23-2010, 09:15 AM
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?!?
Amuse
04-23-2010, 09:17 AM
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...
quasi
04-23-2010, 09:29 AM
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.
Liquid_o2
04-23-2010, 09:37 AM
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...
Mugen EvOlutioN
04-23-2010, 09:40 AM
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
danny_d19
04-23-2010, 09:46 AM
fuck you hst
3seriesBeeM
04-23-2010, 09:53 AM
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.
murd0c
04-23-2010, 09:56 AM
Talk about getting bent over with no lube, what a fucken joke our goverment has become.
Posted via RS Mobile (http://www.revscene.net/forums/announcement.php?a=228)
tiger_handheld
04-23-2010, 10:01 AM
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"
Gridlock
04-23-2010, 10:01 AM
"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.
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.
hotjoint
04-23-2010, 10:29 AM
wow this is so fucked, nothing we can do about it either. Government are legal theives
stylez2k4
04-23-2010, 11:07 AM
that's in theory. Communism works in theory too.
No it doesn't
sunny_j
04-23-2010, 12:33 PM
this is fucked...
InvisibleSoul
04-23-2010, 01:00 PM
Hmm, chit... got my wedding comming up in August... need to pay for stuff NOW.
TalonTurbo
04-23-2010, 01:09 PM
heard this on the radio this morning, so BS. hate the gov't.
HonestTea
04-23-2010, 01:14 PM
OMG, are you serious?!?
FUCK
Mr.HappySilp
04-23-2010, 01:15 PM
What if people paid for the HST now for thier tickets etc etc... and the Anti HST won and HST is cancel do WE GET OUR HST RETURN TO US? I am going to say no. The Gov will just keep it in their pockets.
classified
04-23-2010, 01:23 PM
dont think you realise how much money is saved from a big buisness point of view
misteranswer
04-23-2010, 02:31 PM
I will never vote for the Liberals in my lifetime again. Asswipes.
How about the federal Conservative Party of Canada?
Without them pushing the tax, it wouldn't have happened.
JSALES
04-23-2010, 03:41 PM
BULLSHIT
Cnguyen
04-23-2010, 03:54 PM
double you tee eff yall
StylinRed
04-23-2010, 05:27 PM
taxes on airline tickets are already ridiculous enough
guess its flying out of bellingham from now on
JSALES
04-23-2010, 05:32 PM
such fucking sneaky bastards!
FerrariEnzo
04-23-2010, 06:15 PM
WOWOWOW..
all these talks from government stoping gangs and "THEIR" illegal activity..
WHOS gona stop the government.. THEY ARE JUST ONE BIG GANG/MAFIA/TRIAD.. MOFOs..
twitchyzero
04-23-2010, 07:44 PM
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.
nothing really LOL about that, switching between big political parties back and forth is actually pretty common.
I'm just curious, let's say NDP steps in few years down the road, can they get rid of HST easily?
Amuse
04-23-2010, 11:19 PM
I have signed the petition but does that actually do anything?! I'm so pissed off when I hear about the HST basically everything being taxed now...
So will they start taxing school supplies and children's clothes as well?
http://www.globaltvbc.com/world/Killing+chance+slag+dictators+former+premier+says/2914814/story.html
FUCK THE TAX , FUCK THE GOVERNMENT
im never buying shit in bc again.
FerrariEnzo
04-23-2010, 11:44 PM
FUCK THE TAX , FUCK THE GOVERNMENT
im never buying shit in bc again.
is the HST only in BC?
its hard enought for BC people to live in peace.. pay is crap, rent is exspensive, interest kills people from taking loans.. on top of that we get taxed even more..
does this sound fair?
StylinRed
04-24-2010, 04:01 AM
here's something odd, your signature on the petition to stop the hst is only valid if your a registered voter (fine) but the kicker is you have to have been registered before vander zalm kicked off his petition
NOTICE: The initiative to end the harmonized sales tax (HST)
Only voters who are registered prior to midnight on April 6, 2010 are qualified to sign the petition to end the harmonized sales tax (HST). Please note that NEW registrations received at Elections BC after midnight on April 6, 2010 will not qualify that voter to sign the petition.
so citizens who were spurred to register (finally) to voice their opinion, don't count
originalhypa
04-24-2010, 09:28 AM
dont think you realise how much money is saved from a big buisness point of view
My company does a couple million a year, and from what I'm seeing, this will do nothing for myself, or my customers except cost them more. Consider that my customers are some of the largest communication companies in Canada, and you see that this will bite into their bottom line. Or it would, if they didn't ask the CRTC to allow them to raise fees, therefore passing the cost to the subscriber. They're marketed as a tax that will benefit the average person, but in all the reading and studying I've done, I can't see where it's going to help anyone except the receiver general of Canada.
FUCK THE TAX , FUCK THE GOVERNMENT
im never buying shit in bc again.
I know you're pissed about the HST, but this sort of attitude won't help anyone. I like how your sig says "Support the Bollywood industry" yet you state you'll flat out refuse to support your own province. It's clowns like you who will bitch about the medical industry, bitch about the roads, and bitch about crime, yet you're not willing to put into the budget to fix these things?
That's pretty fucking short sighted if you ask me.
Durrann
04-24-2010, 10:17 AM
whaat? wow thats fucked up
i was planning to go on vacation in the summer and book before July 1st to avoid HST
now i HAVE to BOOK my vacation this week
wow fukn piece of shits.
TRD Rs200
04-24-2010, 12:37 PM
FUCK THIS I am buying everything used or craigs
Amuse
04-24-2010, 01:18 PM
HST will just decrease customers and they will find alternatives.
wahyinghung
04-24-2010, 01:39 PM
I will buy more stuff state side..................
Hakkaboy
04-24-2010, 03:47 PM
i seriously doubt that companies will pass on "savings" to its customers, but i am optmisitc that big companies who save big will be more inclined to increase their head count over the long term, so indirectly it *should* be beneficial to the economy as a whole
sucks for the hospitality/service industries tho...
precollection?
what a crap load of bs...when did bc residents ever got some "pre collection" for the money they're about to receive?
fuk
well, there is no way to get rid of HST, that's for sure
big companies paid millions of dollars to implement the HST ..and here is a perfect example that gov't is working for the business not the ppl
Great68
04-24-2010, 04:53 PM
My crystal ball tells me that the number of people using the black market is going to rise big time...
seakrait
04-24-2010, 05:26 PM
i'm sure gordon campbell knows that this will kill his party's chance of winning the next election (as far away as it is)... so he's prepping his post-politician career by trading these tax breaks for companies for a cushy job in the industry.
Recoil
04-24-2010, 08:20 PM
looks like there's much displeasure for this HST.
So how far you willing to go is the question....
rally / riot?
so how many are just gonna sit there and take it up the ass?
would you rather be the one taking it or giving it?
how many people would it take for the govt to give a shit?
rally / riot? interests?
i wonder.
dizzystar
04-25-2010, 10:49 AM
this person will be buying more things from USA/HK
even clothes are going up, so even brown 'ballers' will have to buy their fake ed hardy crap at a higher price now unless they go ebay or jobber sites.
but fuck, looks like I will be buying the bear essentials in BC only, all the rest will be looking elsewhere, probably won't even be buying clothes at winners anymore... hello ebay!
i'm sure gordon campbell knows that this will kill his party's chance of winning the next election (as far away as it is)... so he's prepping his post-politician career by trading these tax breaks for companies for a cushy job in the industry.
I was thinking the same thing myself. :\
SlySi
04-29-2010, 02:15 PM
http://fighthst.com/
Give it up.
HST is here to stay.
Live with it.
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