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To: kanawa

Effective July 1 there is a HST : harmonized sales tax which is the combination of the provincial sals tax (PST) and General sales tax (GST) and that is 13%. The feds keep 5% and the states keep 8 but the total is still 13. You can verify this at any govt source, I go to Canada frequently and am 100% sure of this.


39 posted on 07/12/2010 9:42:22 AM PDT by Maneesh
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To: Maneesh
You can verify this at any govt source, I go to Canada frequently and am 100% sure of this.

The provincial sales tax is not a national tax.
The GST is a national tax.
The HST is supposed to make it easier
more economical to collect the two taxes.
Provincial sales taxes vary by province.
Indeed in Alberta for example there is no PST.
As well some provinces haven't implemented the HST...


(1) BC will combine the PST with GST for a single value-added tax, 12% HST, effective July 1, 2010.
(2) The sales tax is applied to the total of the selling price plus the GST. The 2009 Québec budget proposes an increase to 8.5% effective January 1, 2011. The 2010 Québec budget proposes an increase to 9.5% effective January 1, 2012.
(3) The GST rate was reduced to 5%, and HST to 13% effective January 1, 2008. They were previously reduced from 7% and 15% to 6% and 14% effective July 1, 2006.
(4) Saskatchewan PST rate reduced from 7% to 5% for all sales made on or after October 28, 2006.
(5) Ontario will combine the retail sales tax with GST for a single value-added tax, 13% HST, effective July 1, 2010.
(6) Nova Scotia announced in their 2010 Budget that their HST rate will increase to 15%, effective July 1, 2010.
(7) The sales tax in PE is applied to the total of the selling price plus the GST.
link

41 posted on 07/12/2010 9:59:42 AM PDT by kanawa (Obama - "It's going to take a while for us to dig ourselves out of this hole.'')
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To: Maneesh

It looks to me like your talking about Ontario.
Indeed on July 1 the PST and the GST were for the purpose of collection combined into the HST.
Unfortunately I am well aware of it, being that I live there.
What makes it particularly onerous and odious to me
is that Ontario didn’t not remove the existing provincial ST on gasoline
resulting in a case of double taxation of gas on the provincial level.
Since 50% of my business expense is gasoline
I’m not too happy with the resultant ~8% increase in fuel cost.
The Liberals in charge touted the HST as away to make provincial businesses more competitive.
I see it as a 4% decrease in my net income.


42 posted on 07/12/2010 10:12:30 AM PDT by kanawa (Obama - "It's going to take a while for us to dig ourselves out of this hole.'')
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