HST: What will go up by 8%?

[Adrenaline]

So in about 2 months the HST comes into effect in Ontario. What are some things that will go up by 8%?

- Gas
- Heating and Electricity bills
- Rent
- Condo maintenance fees
- Cable and Internet bills
- Visits to your RMT

What else did I forget to mention?

 

[browsing]

You forgot to remind people to pick up some lube. Might ease the pain a smidgeon as Dalton ass rapes us all.

 

[Adrenaline]

You forgot to remind people to pick up some lube. Might ease the pain a smidgeon as Dalton ass rapes us all.

It's funny how over 80% of people in Ontario disagree with the HST, yet the majority of them will continue to vote in Dalton and the Liberals during the next election, so they can be taxed even more.

 

[rgkv]

MPer room fees

 

[gar]

Here's an article from last year. If you want to sell your house, do it before the hst starts.

http://www.citytv.com/toronto/cityn.../9642--how-will-the-budget-affect-your-family

 

[thompo69]

So in about 2 months the HST comes into effect in Ontario. What are some things that will go up by 8%?

- Gas
- Heating and Electricity bills
- Rent
- Condo maintenance fees
- Cable and Internet bills
- Visits to your RMT

What else did I forget to mention?

Neither rent nor condo fees will go up by 8%. Perhaps some increase, but not the full 8.

 

[mac]

the costs of all sorts of services will go up including financial services, mutual fund management, golf memeberships, gym memeberships. etc etc . Yet the Liberals still win by-elections. We Canadians are so fucking tolerant.

 

[WhaWhaWha]

Would you rather elect the conservatives who buy your votes with chump change while they use your tax dollars to fund projects like Hwy 407 that does more to line their own pockets than benefit their constituents? Then with stalinist efficiency they dissolve as much necessary educational health and social services in existence as they can in the name of common sense? Then when the impovershed underclass hits the streets and cancer patients get little more than their hand held while they die, and families wait 3 hours to see their family doctor, if they have one, even on scheduled appointments, they blame the haplessly underfunded professionals that were kind enough not to fly south for not doing enough.

 

[danmand]

the costs of all sorts of services will go up including financial services, mutual fund management, golf memeberships, gym memeberships. etc etc . Yet the Liberals still win by-elections. We Canadians are so fucking tolerant.

Legal fees.

 

[fuji]

None of those things will go up to 8% as those businesses will start claiming tax credits for the HST they pay.

There are two changes here, you are focusing on only one:

Change #1 - PST is dropped on all items, and replaced with HST, for which a tax credit can be claimed when a business pays it

Change #2 - HST is added to some items that PST wasn't previously on

That means there is now both a larger number of tax credits that vendors can claim, offsetting the new tax on those items.

Whether prices go up net or not will depend on whether this change increases or decreases provincial government revenue. It may be tax neutral, or it may be a tax increase--I haven't seen anyone convincingly estimate it.

 

[afterhours]

None of those things will go up to 8% as those businesses will start claiming tax credits for the HST they pay.

I don't quite follow you. If you come to your lawyer to get a service for say $1000 +$50 GST (or maybe you can convince him to pay GST, in which case you pay $1000, he gets $952.38, and government gets $47.62) today, what do you think will happen after HST is in place?
The way I see it, there is gong to be an additional cost of 8% which either your lawyer will bear, or you will bear, or you and him split it in some proportion.
Am I wrong?

 

[nottyboi]

It's funny how over 80% of people in Ontario disagree with the HST, yet the majority of them will continue to vote in Dalton and the Liberals during the next election, so they can be taxed even more.

I think it is better to vote for a lying crook then and idiot. Sadly, those are the choices before us.

 

[Cycleguy007]

Goods that were previously PST exempt, now have HST (in which the PST is included...) so when purchasing THOSE items... we now get (how did browsing put it?... oh ya...) ass raped by Dalton! This includes a HOST of items... such as...

• food products (except for candies, confections, snack foods and soft drinks)
• prepared foods sold by an eating establishment for $4 or less
• children's clothing (including diapers)
• footwear costing $30 or less
• feminine hygiene products
• books, newspapers, bulletins
• drugs and medicine sold under a doctor's prescription
• goods designed solely for people with physical disabilities.
• oh.. and bikes (under $1000) and related products. My bike was over and therefore taxable... but Mrs. CG's and the cyclette's WERE all exempt. When it comes time to replace them... I get to pay!

There was also no PST on a host of services before... such as...

• dry cleaning
• carpet and upholstery cleaning
• personal services, such as hair styling, barbering, and beauty treatments
• medical and health services
• veterinary care
• car washing and engine shampooing
• labour to install or repair real property or fixtures.

There's a whole bunch more... but browsing sure said it well in post #2... We better stock up on anal lube and condoms... Dalton and his cronies are giving it to us but good with this one.

 

[wonkyknee]

Rent on your commercial unit does go up by 8% and can't be offset if you do not offer a product or service with GST or PST!!! The it is the case for both income earners in my household, so we will be dinged by an extr $700/month!!!!...just on rent.

 

[nottyboi]

In the long run taxes like this do not really matter. Everyone will have less $$ to spend, so prices will have to adjust. Only relative wealth matters, and we will all be roughly the same as we were. Of course the poor do get screwed, they will be poorer.. but then the poor are always screwed.

 

[Never Compromised]

None of those things will go up to 8% as those businesses will start claiming tax credits for the HST they pay.

There are two changes here, you are focusing on only one:

Change #1 - PST is dropped on all items, and replaced with HST, for which a tax credit can be claimed when a business pays it

Change #2 - HST is added to some items that PST wasn't previously on

That means there is now both a larger number of tax credits that vendors can claim, offsetting the new tax on those items.

Whether prices go up net or not will depend on whether this change increases or decreases provincial government revenue. It may be tax neutral, or it may be a tax increase--I haven't seen anyone convincingly estimate it.

Lets be honest, if it was only tax neutral, why do it? It will NOT be tax neutral. What it is doing is sliding taxes from income to consumption, which in economic terms is something I agree with.

If it does not have PST now, you will see a price increase. It may not be the full 8%, but most businesses are not going to swallow the entire profit reduction.

 

[thompo69]

Goods that were previously PST exempt, now have HST (in which the PST is included...) so when purchasing THOSE items... we now get (how did browsing put it?... oh ya...) ass raped by Dalton! This includes a HOST of items... such as...
There's a whole bunch more... but browsing sure said it well in post #2... We better stock up on anal lube and condoms... Dalton and his cronies are giving it to us but good with this one.

Or, you could lose the paranoia and give factual information. Many of the items you listed will continue to exempt from the PST portion of the HST. Let's see what reality has to say:

http://www.rev.gov.on.ca/en/taxchange/consumers.html
The HST will not be charged on the following items that are currently not subject to PST:

* Basic groceries
* Prescription drugs
* Certain medical devices
* Child care
* Residential rents
* Municipal public transit
* Most health and education services
* Legal aid
* Most financial services
* Tutoring
* Music lessons

Consumers will not have to pay the provincial portion of the HST for:

* Qualifying prepared food and beverages sold for $4.00 or less
* Print newspapers
* Children's clothing and footwear
* Children's car seats and car booster seats
* Diapers
* Feminine hygiene products
* Books (including audio books)

 

[fuji]

Lets be honest, if it was only tax neutral, why do it?

The government has stated that the savings to business will stimulate the economy.

If it does not have PST now, you will see a price increase. It may not be the full 8%, but most businesses are not going to swallow the entire profit reduction.

Maybe or maybe not. It depends on how many HST deductions the business will earn, and whether or not they add up to more or less than 8% of the price. In some cases yes, in others no. Even in cases where the deductions do not amount to 8% the price increase should be less than 8%.

 

[Keebler Elf]

As for that 407 remark, the Harris Conservatives made at least a billion dollars on the sale to pay down the debt. The existing government earns tax revenue from the 407 private owners and don't spend a dime maintaining that highway. The land upon which it exists was only leased (99 years), not sold to that private consortium.

What a fucking crock of bullshit white washing.

They made a billion dollars. Whoop-dee-fucking-doo. They got $1B for something they could have milked for DECADES!!! But they get taxes from the private owners?!?! Are you kidding me???? That's like saying they sold the cow but they get to collect taxes on the milk.

The Highway 407 sale was a fucking fiasco. The Conservative government wanted a quick billion to balance its books and earn some quick and cheap political points. And now a private company gets the bulk of the benefit and joe consumer merely pays. The 407 sale was one of the DUMBEST moves ever. Just like now with the Liberals looking at selling off electricity generation assets, or the LCBO, or the Lottery Corp. It's all to make a quick buck to balance the books today by giving up GUARANTEED REVENUE for decades.

Dumb, Dumb, Dumb.

 

[mac]

None of those things will go up to 8% as those businesses will start claiming tax credits for the HST they pay.

.

yeah right....businesses will pass these savings onto us...how niave. Just like they have the exchange rate savings.