BC - GST/PST to HST
Jul 24th 2009, 11:55 pm
#16
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: BC - GST/PST to HST
3. Pants on fire !!: http://www.crfa.ca/news/bytopic/elec...ties_stand.htm
Jul 25th 2009, 12:36 am
#17
Joined: Sep 2008
Posts: 12,830
Re: BC - GST/PST to HST
Couple of weeks time I go and pick it up, and it's yellow, so they can see me flash past. Soon as I get back, doing the YXX airshow then we're moving up north for a while, probably Smithers. Like a kid at Christmas 
Willing the CDN$ to keep on strengthening, saving $$$$. Sorry you guys waiting to exchange the other way.
Willing the CDN$ to keep on strengthening, saving $$$$. Sorry you guys waiting to exchange the other way.
Last edited by Aviator; Jul 25th 2009 at 12:46 am.
Jul 25th 2009, 12:52 am
#18
Banned
Joined: Jul 2009
Location: Toronto
Posts: 59
Re: BC - GST/PST to HST
HST is coming to Ontario next summer. There hasn't been much news of the fact either A little bit of noise March passed but it's all quiet now.
Jul 25th 2009, 1:04 am
#19
Joined: Aug 2005
Posts: 14,227
Re: BC - GST/PST to HST
This is absolutely right. A clear example was the 90s when companies, jobs and people were leaving BC in droves as a result of the uncompetitive income tax rates.
If we agree that running a massive deficit is not desirable then there are only two options: raise taxes or reduce government spending. This move will do both in a modest way. It will also make BC an easier place to do business in. As the Aviator said above, it is business that creates jobs, which in turn creates wealth, which in turn creates tax revenue.
If tax increases are necessary then sales taxes have less of a dampening effect on economic activity than income taxes.
If we agree that running a massive deficit is not desirable then there are only two options: raise taxes or reduce government spending. This move will do both in a modest way. It will also make BC an easier place to do business in. As the Aviator said above, it is business that creates jobs, which in turn creates wealth, which in turn creates tax revenue.
If tax increases are necessary then sales taxes have less of a dampening effect on economic activity than income taxes.
Jul 25th 2009, 8:55 am
#20
Account Closed
Joined: Jan 2006
Posts: 0
Re: BC - GST/PST to HST
Only because people don't notice so much - they aren't called stealth taxes for nothing. At the end of the day we as consumers are poorer because our income buys less - this by definition will reduce economic activity. Also sales taxes are inherently unfair as the poor pay a proportionately larger amount of their income on taxable living expenses (clothes etc)
Many times lowest paid workers only get a raise when the government raises min.wage.
Jul 25th 2009, 9:19 am
#21
Is it that time already
Joined: Jul 2009
Location: lake district
Posts: 430
Re: BC - GST/PST to HST
Couple of weeks time I go and pick it up, and it's yellow, so they can see me flash past. Soon as I get back, doing the YXX airshow then we're moving up north for a while, probably Smithers. Like a kid at Christmas Willing the CDN$ to keep on strengthening, saving $$$$. Sorry you guys waiting to exchange the other way.
Willing the CDN$ to keep on strengthening, saving $$$$. Sorry you guys waiting to exchange the other way.
Jul 27th 2009, 5:53 am
#22
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Joined: Sep 2006
Location: Kelowna
Posts: 2,514
Re: BC - GST/PST to HST
Just seems like a win win for the government to me.
Every invoice i write for my customers has to include 5% GST which i collect for the Government and now next year every invoice i write will have to include 12% HST which i collect for the government.
So i get lots of moans and complaints about higher prices (people are quite tight here in Kelowna) even though i have no say in it.
Every invoice i write for my customers has to include 5% GST which i collect for the Government and now next year every invoice i write will have to include 12% HST which i collect for the government.
So i get lots of moans and complaints about higher prices (people are quite tight here in Kelowna) even though i have no say in it.
Jul 27th 2009, 3:29 pm
#23
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: BC - GST/PST to HST
But you also now get to reclaim all the tax you pay on your business inputs - not just 5% as you could before. As your business costs are lower you could reduce your prices and still make the same profit.
Jul 27th 2009, 5:06 pm
#24
Joined: Sep 2008
Posts: 12,830
Re: BC - GST/PST to HST
The HST is still good for many businesses. Business associations have been pushing for something like this for years. Don't think we'll see a reduction in govt though. One dept might close, but another will likley grow.
Jul 27th 2009, 7:52 pm
#25
Bring on the snow!
Joined: Jan 2006
Location: Chicago, IL
Posts: 1,420
Re: BC - GST/PST to HST
So what happens if a buy a second hand car though a private sale? Assume I'll have to pay 12% HST? Might as well go to a dealer...
As for the change - most provinces are going this way so it's no big surprise. Still less than VAT....
As for the change - most provinces are going this way so it's no big surprise. Still less than VAT....
Jul 27th 2009, 7:57 pm
#26
Joined: Aug 2005
Posts: 14,227
Re: BC - GST/PST to HST
they'll never be able to enforce that.
Jul 27th 2009, 8:18 pm
#29
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: BC - GST/PST to HST
Edit: by private individual i mean someone who is not registered for GST.
Jul 27th 2009, 8:22 pm
#30
Joined: Aug 2005
Posts: 14,227
Re: BC - GST/PST to HST
You do not pay GST if you buy a used car from a private individual. At the moment you have to pay 7% PST when you register the car in your name. I don't know how this will work in the new tax regime, but in theory it should be abolished.
Edit: by private individual i mean someone who is not registered for GST.
Edit: by private individual i mean someone who is not registered for GST.