The proposed harmonized sales tax is a tax grab that does nothing to improve the lives of Ontario residents, according to one tax expert.
Reference: http://ping.fm/Fonu6
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The proposed harmonized sales tax is a tax grab that does nothing to improve the lives of Ontario residents, according to one tax expert.
"The HST will benefit consumers through price reductions" #cdnpoli http://bit.ly/3Ot4Da
ReplyDeleteWe all have friends and neighbours who have been hard hit by this recession. This is why the NDP and the Conservatives have been calling for action on the economy. And that is why the government introduced the HST – to create jobs.
The Toronto Dominion Banks says the HST will reduce cost of doing business in Ontario by roughly $5.3 billion and that the majority of these savings will be passed on to customers within the first year.
The majority of items we purchase - 80 percent – will see no tax change at all. TD estimates prices, before tax, will fall by almost 1 percent. And, studies looking at the Atlantic Provinces found that consumer prices fell following harmonization.
Ontario needs jobs – it’s time to stop playing politics.