[DerbyX]

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

The question is why were businesses crying for it? If it does actually help business be more competitive then its a good thing right?

Personally I think we should adopt the Australians tax system. Tax applied before the end price that consumers see so that the price we see is the price we pay.

[Caelon]

DerbyX DerbyX:

The question is why were businesses crying for it? If it does actually help business be more competitive then its a good thing right?.

If it was harmonized then it is simpler for computer systems to apply one tax. Different taxes with different rules creates programming and administrative problems. The savings will all be in accounting and IT

DerbyX DerbyX:

Personally I think we should adopt the Australians tax system. Tax applied before the end price that consumers see so that the price we see is the price we pay.

When we had the 12% manufacturing tax buried in the price of the product it got added to quite a bit. For example the plant manufactures a widget for $100 and adds the 12% tax before selling it to Distributor A for $112. Distributor A wants a 20% margin and sells it to regional Distributor B for $140 (112/0.8 ). Distributor B sells wants a 20% margin when they sell it to the store for $175 (140/0.8 ) Now the store wants a 30% margin so sells it you for $250 (175/0.7). That $12 tax at the manufacturer became a $26.79 cost to you (12/0.8/0.8/0.7) So I think a tax at the end as opposed to somewhere earlier is the best thing for the consumer.

edited to get rid of happy faces with sunglasse when 0.8 was followed by a bracket

[Lemmy]

Caelon Caelon:

When we had the 12% manufacturing tax buried in the price of the product it got added to quite a bit. For example the plant manufactures a widget for $100 and adds the 12% tax before selling it to Distributor A for $112. Distributor A wants a 20% margin and sells it to regional Distributor B for $140 (112/0.8 ). Distributor B sells wants a 20% margin when they sell it to the store for $175 (140/0.8 ) Now the store wants a 30% margin so sells it you for $250 (175/0.7). That $12 tax at the manufacturer became a $26.79 cost to you (12/0.8/0.8/0.7) So I think a tax at the end as opposed to somewhere earlier is the best thing for the consumer.

"

[2Cdo]

DerbyX DerbyX:

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

GST credit?

Oh yeah, I remember that but I never collected a nickel of it due to successive governments thinking I made far too much money.

[DerbyX]

2Cdo 2Cdo:

DerbyX DerbyX:

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

GST credit?

Oh yeah, I remember that but I never collected a nickel of it due to successive governments thinking I made far too much money.

You were a working professional when it came in. I was a dirt poor student so for a time I was eligible. I must say that it really came in handy more then a few times.

[hurley_108]

DerbyX DerbyX:

2Cdo 2Cdo:

DerbyX DerbyX:

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

GST credit?

Oh yeah, I remember that but I never collected a nickel of it due to successive governments thinking I made far too much money.

You were a working professional when it came in. I was a dirt poor student so for a time I was eligible. I must say that it really came in handy more then a few times.

Yea, I used to get that too. Then I got a job. Then I got married. Then they started going three years back and demanding I give it back to them.

QuickTax always recommends applying for it, even if you're not likely to get it. I don't anymore because it was such a gong show.

[2Cdo]

DerbyX DerbyX:

2Cdo 2Cdo:

DerbyX DerbyX:

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

GST credit?

Oh yeah, I remember that but I never collected a nickel of it due to successive governments thinking I made far too much money.

You were a working professional when it came in. I was a dirt poor student so for a time I was eligible. I must say that it really came in handy more then a few times.

The one thing that pisses me off about the GST credit is that my oldest son who started working at 15 and used his money to purchase guitars, amps and the like (not cheap ) could not get a GST credit because he was under 18. It's not like he was paid in monopoly money and didn't have to pay GST on his purchases.

[DerbyX]

That doesn't seem right. Mind you I haven't qualified for a long time now.

[2Cdo]

DerbyX DerbyX:

That doesn't seem right. Mind you I haven't qualified for a long time now.

No it doesn't, does it. Plus if I had to choose between getting a few bucks in a GST cheque or keeping my present pay i know which way I'd go!

[DerbyX]

For that I guess you would have to talk to a tax expert. Not applying for it naturally means I don't bother with any eligibility rules for it.

[ryan29]

DerbyX DerbyX:

Don't know. I doubt it. The GST rebate really helped me out when I was a poor student though. I don't qualify for it anymore.

The question is why were businesses crying for it? If it does actually help business be more competitive then its a good thing right?

Personally I think we should adopt the Australians tax system. Tax applied before the end price that consumers see so that the price we see is the price we pay.

ok but how does this make business's more competive ?

what there really trying to do is shift some of the tax burden onto the consumer , which during an economic downturn in ontario does not seem like a very good thing to do .
this tax is going to cost the average ontario resident hundreds of dollars each year , on gasoline alone the extra cost is going to be extremly significant , think an extra 8 % on your typical purchase at the pumps , over an average year its going to equal alot of money . this is not what the ontario economy needs at all .

this is nothing but another tax grab from mcguinty who has shown his lack of concern for the average taxpayer before . he even boosts about how he got away with the health premium tax grab back in 2004 .

[Lemmy]

ryan29 ryan29:

ok but how does this make business's more competive ?

what there really trying to do is shift some of the tax burden onto the consumer , which during an economic downturn in ontario does not seem like a very good thing to do .
this tax is going to cost the average ontario resident hundreds of dollars each year , on gasoline alone the extra cost is going to be extremly significant , think an extra 8 % on your typical purchase at the pumps , over an average year its going to equal alot of money . this is not what the ontario economy needs at all .

this is nothing but another tax grab from mcguinty who has shown his lack of concern for the average taxpayer before . he even boosts about how he got away with the health premium tax grab back in 2004 .

[herbie]

So you want to buy a new house in Toronto?
$400,000
and $50,000 in sales tax?
Got that? A $50,000 dis-incentive to home ownership? That you have to mortgage?
More in TAX than your Dad paid to buy the house he raised you in?
Made real progress in the last 30 years buying into this corporate/Tory shit haven't we? [/sarcasm]

[Woodhead]

Right now PST is on goods. It will also be on services when"harmonization" takes place.
That means there will be PST of 8% on a haircut.

Construction will be one of the biggest sectors hit with this.
Currently there is PST on the material used to construct a building, but not on the labour used to put it all together.
Construction costs as I see them (I work in steel fabrication) are about 1/3 material and 1/3 shop fabrication which are both PST applicable. Site work is another 1/3 which currently in not PST applicable.
On a million dollar steel job, which would get you the steel frame for a good sized Walmart or Home depot, this would be an additional 8% on $330,000.00
Roughly $26,000.00. On a $10 million dollar project its a quarter million dollars extra in the governments pocket.
The reason for harmonization is so that it is easier to hand the tax in. In construction the tax isn't on the whole package as illustrated above.
If they truly wanted to "harmonize" they would lower the PST rate so that they took in say 5% over the whole cost giving them the same income for any given project.
Instead it is just another tax grab. It is a brand new tax that Dalton said he wasn't going to have. read my lips...NO New Taxes. There was never a ProvincialSalesTax on a haircut before. There will now be a ProvincialServiceTax. How much newer can you get than that. Notice how they shorten both to PST to screw us.
They will be taking in an extra 2 billion a year and giving a few people a credit of $1000.00 for the first year...thats it.
Why can't they at least lower the rate to 5% and take the same amount. NO NEW TAX MY ASS

[kenmore]

McGuinty is doing exactly what harper set him up to do.. harper makes the feds look good lowering taxes then rakes it back through a harmonized tax system... making the provincial gov't look bad.. what a slug!