saturn_656 saturn_656:
There is nothing wrong with simplifying the tax code, but when they (Ontario and BC) brought in the HST they did more than that.
They raised taxes at the same time.
Certain items became more highly taxed than they were pre-HST. For us in Ontario, it was things like Hydro, Gasoline, Natural Gas, Fuel Oil, etc. They became taxed at 13% rather than the 5% they were before.
That's my major problem with it.
The BC HST conversion transferred 2 billion a year in costs from business to consumers. It was supposed to lower prices and increase employment, but for some funny reason that hasn't happened yet. So far, business just seems to have pocketed the money.
It also represents 1.2 billion in extra revenue to the govt. It is not revenue neutral.
Campbell had promised to lower income taxes just before he got tossed out, so it never happened. Let's see what Christie Crunch comes up with.