kenmore kenmore:
Its a win win situation,,the feds get a little off the top.. so the torys (flawherty) sold the idea to the provincial governments knowing full well that it would be unpopular.. so McGuinty looks bad for awhile.. big deal
HERE's why McGoofy looks bad Kenmore:
The intended purpose is to blend the GST and the PST into one tax. This will cut down the paperwork burden for
Ontario businesses and, in theory, lessen staff by merging both departments. This could be a noble attempt to cut costs.
There is just one problem.
Rather than just blending the products and services that now charge both taxes, the provincial government has decided that it will apply this new tax to almost all goods and services that you do not pay PST on now!
We are about to become the victim of one of the largest (and sneakiest!) tax hikes in our history. How will this affect you? Let's start with just a few things that are to be charged the extra 8% to see how it will affect you and your family:
Gasoline
Home heating fuel
Water
Hydro
Used cars
Government and city services
Any service you now use for your home or business (such as repairs, professional services of any kind, construction materials etc.)
.....and these are just a few.
Almost everything currently without PST in your life except children's clothing, prescriptions, diapers, and feminine hygiene products will now cost you 8% more.
Oh, and here is a kicker. The fuel tax will slide with the increasing cost of that fuel.
But don't worry people ... we have elected a compassionate and magnanimous crew down at Queen's Park. They've announced that over a two year period, you'll be receiving three rebate cheques that will total $1,000 as a hand up from your elected officials to help offset the costs you "might" incur due to the sales tax harmonization.
What, pray tell, might those extra costs that you "might" incur be on? That KFC Wrapper you pick up for lunch; your morning cup of coffee at Timmy's; that newspaper you read; that vet bill you willingly pay for your beloved pet; your prescription drugs; the gas you put in your car; the oil or gas you have delivered to your home to keep you and your family warm; etc. etc.
$166 a year extra to drink coffee and eat snacks at work;
$156 a year extra to drive your car;
$72 a year extra to heat your home;
$55 a year extra to get your hair cut, go out and see a movie and send your clothes to the cleaners;
These are but a few that I've worked out as a starting point. As you can see, in year 1, we're already at almost $450 and that's an incredibly conservative estimate (remember the bribe the Liberals are giving us, that $1,000 rebate cheque spread over two years). As I said, this is only just a starting point and I've used very conservative figures like $20 a month for haircuts, $20 a month for dry cleaning and $10 a month for movies. And never mind how much this will distort the price of houses.
And the cruellest joke of all? That's our July 1st birthday present from Dalton McAsswipe.