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Special Report on

Harmonized Sales Tax

harmonized sales tax special research report Photo by www.gov.bc.ca
As part of its 2009 provincial budget, the Ontario government tabled a bill on November 16, 2009 to introduce a harmonized sales tax (HST) in Ontario. The harmonized sales tax being proposed by Ontario will combine the eight percent provincial sales tax with the five percent federal goods and services tax (GST) to create a single 13 percent harmonized sales tax (HST) administered by the federal government. The Ontario HST is scheduled to take effect July 1, 2010. The Ontario government says Ontario's current dual tax system puts Ontario businesses at a competitive disadvantage and implementation of a single sales tax would ...
To maintain the progressive nature of total taxes on individuals, Canada and other countries have accompanied the change with a reduction in income taxes, as well as instituted direct transfer payments to lower-income groups, resulting in lower tax burdens on the poor. Though economists support the change 3 and studies have shown it will be revenue neutral, 1 4 5 polls show that 82% of British Columbians and 74% of Ontarians oppose it. 6 : There are tags on this page, but the references will not show without a tag.
REVIEWS AND OPINIONS
John O'Toole, MPP for Durham
With each passing day, Ontarians are discovering new ways in which the Harmonized Sales Tax will cost us more and deliver less service. During Question Period last week, the Official Opposition pointed out that the HST will add about 8% to many healthcare costs. In a May 2009 report, KPMG Canada warned that the HST will add 8% to rent and leases, power, heat, temporary staff, and medical supplies of doctors and other frontline health care professionals. Under Dalton McGuinty’s HST, doctors and hospitals are ineligible to claim input tax credits for their business purchases. These higher costs will therefore have to either ... market research, surveys and trends
Transitioning to Harmonized Sales Tax - Bookkeeper's HST Reference ...
It's the first week of May ... and this past weekend harmonized sales tax (HST) transitioning rules went into play. You Asked For It! Love your website !! We are a small bookkeeping office in Victoria, with one CGA for year ends. Your website is what we would do, if we had time !! A question .. no its a plea... no really I'm begging you ... HST information for clients ! I don't know where to start, really wish I had a one page sheet of basic info. Maybe your website ? Sandi, Victoria, B.C. I attended a webinar sponsored by IPBC this week. The speaker was the esteemed Evelyn Jacks of The Knowledge Bureau on A ... market research, surveys and trends

SURVEY RESULTS FOR
HARMONIZED SALES TAX

Nova Scotia Sees C$222 Million Deficit in 2010-11 (Update2 ...
predicted a C$222 million ($222 million) deficit in the fiscal year that began April 1, about 55 percent lower than last year, as the government raises sales taxes, curbs spending and wage growth and changes how it calculates pension liabilities. Nova Scotia will post a C$488 million deficit for the fiscal year that ended March 31, smaller than the $592 million shortfall it forecast in December, Steele said today in Halifax. Canada’s third-smallest province will raise the sales tax rate by two percentage points to 15 percent, the highest in Canada, and add an extra tax bracket for high-wage earners as it attempts to return to a ... industry trends, business articles and survey research
The Tyee — Biggest Tax Shift in BC History: Why Did Campbell Do It?
Business gross fixed capital formation in machinery and equipment for Newfoundland and Labrador, Nova Scotia, New Brunswick and British Columbia. More than four out of five BCers oppose it; 65,000 join Facebook protest group. B.C. bloggers across the political spectrum are very unhappy with the HST. Premier Gordon Campbell extended an olive branch yesterday to industry leaders left fuming over the incoming HST. Premier Campbell and Finance Minister Colin Hansen admit that their harmonized sales tax (HST) shifts $1.9 billion in tax from businesses to B.C. families. That's what it means when they say the tax saves businesses ... industry trends, business articles and survey research
RELATED NEWS
BC movie biz powers ahead fueled by new HST
BC's storied film and TV production industry was down - way down - during the 'silent spring' of 2010. Word is some film workers couldn't make the rent and that many were looking for new careers; and some industry suppliers (equipment rentals and so on) were considering closing down. Many believed the change would be permanent, and that BC's new look, 'leaner and meaner' biz would be lucky to stay at 60% of its former size going forward (movie production generated $1.3 billion in expenditures in BC year last). Then along came July 1, the day the new HST came into effect. "It was like a ... market trends, news research and surveys resources
HST confusion to blame for home sales drop?
According to brokers, 46.7 per cent of comments from buyers and sellers indicate confusion about how the new HST affects home sales. And 57.1 per cent of realtors say they get "many" questions about how the tax works. (CBC) Residents of Ontario and B.C. are unsure about how the harmonized sales tax (HST) affects real estate transactions, a new study finds, and the confusion is being blamed for a slide in home sales. Home sales in Toronto fell 34 per cent in July, according to the Toronto Real Estate Board. TREB reported that there were 6,564 sales last month, down from 9,967 in the same month in 2009. Home sales were ... market trends, news research and surveys resources

INFORMATION RESOURCES

The harmonized sales tax is coming
The harmonized sales tax is coming. What is the HST? The HST is a combination of the provincial sales tax (PST) and the 5% federal goods and ... technology research, surveys study and trend statistics
Country or Region: Report Title First Line Report Title Second ...
Sep 10, 2009 ... Canada: Ontario Moving to the Harmonized Sales Tax. Page 1 of 2 export.gov. The U.S. Commercial Service – Your Global Business Partner. ... technology research, surveys study and trend statistics
CRA Event Document - Provincial Sales Tax Reform (PSTAR)
Provincial Sales Tax Reform (PSTAR) ... combined with the federal Goods and Services Tax (GST) into the Harmonized Sales Tax (HST) effective July 1, 2010. ...
REAL TIME
HARMONIZED SALES TAX
  1. profile image gynation There's absolutely nothing harmonious about Canada's Harmonized Sales Tax. >:(
  2. profile image ChangeAgent66 RT @ckpgnews: Opponents of the Harmonized Sales Tax will meet with Prince George Liberal MLAs today - http://bit.ly/bYpdgn
  3. profile image ckpgnews Opponents of the Harmonized Sales Tax will meet with Prince George Liberal MLAs today - http://bit.ly/bYpdgn
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QUESTIONS AND ANSWERS
What's your opinion on HST/ Harmonized Sales Tax? - Yahoo! Answers
I believe you are from British Columbia, Canada. I do not think anyone in BC would like HST. When HST is implemented, it will cost the consumers more on almost anything we buy from auto repair to restaurant foods. I do not understand why the BC Liberal would do this when our economy is still recovering from recession. Many business in BC will suffer especially the restaurant and tourism industry, which have largely been exempt from the seven per cent provincial sales tax. The HST — which combines the PST with the five per cent goods and services tax — could cripple the industry if implemented as planned. As a consumer ...
Why do maritime provinces pay HST taxes and not GST? - Yahoo! Answers
New Brunswick, Nova Scotia, and Newfoundland and Labrador pay an HST (Harmonized Sales Tax)? What is the difference between GST and HST? Do HST taxes go to Ottawa? Otherwise why don't they just call it a Provincial Sales Tax? Why is there HST??? Also why are the Eastern provinces paying higher taxes than out west when Western Canada has more per capita income? 1 year ago Why don't they eliminate the whole GST and go back to Manufacturing Sales Tax (MST)? What was Brian Mulroney thinking? 1 year ago Its the same thing, they just call the the HST, or Harmonized Sales Tax, because it has combined both the GST ...