Tuesday, August 18, 2009

Harmonized sales tax

The HST proposed for Ontario can be considered a good thing in terms of efficiency by replacing two taxes and sets of reporting with one. However, the proposed implementation appears to be a major tax grab rather than being revenue neutral. It appears that seniors will have to pay significantly more for services and goods because many of these things currently are not taxed at the PST level. This includes financial services and fees. It includes purchases by condominiums and it includes additional taxes on fuel amongst other things.
There is a fairer way to have an HST and that is to maintain the same exemptions that exist in the current PST. This should not be difficult as there already are going to be exemptions to part of the HST on certain items.
I urge you to look into how this HST will affect you personally and let your MPP know - in no uncertain terms - that it is not acceptable. In this area we can impact on this situation because the Minister of Finance is Dwight Duncan and he probably would like to get re-elected.

No comments:

Post a Comment