HST Canada
[1 Apr 2013 | No Comment]

Today may be April Fools’ Day but the taxation systems are no joke in BC and in PEI, as the Harmonized Sales Taxes will see a shift. For BC residents, today marks the day they say farewell to the HST after a controversial implementation and emotionally-charged referendum led to the demise of the taxation system.
While various industries saw a surge in revenues under the HST laws in BC such as manufacturing, the film industry and various other sectors of the economy, other industries were hit hard and saw a decline …

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British Columbia »

[25 May 2011 | 5 Comments]

Following through with an announcement from last week, B.C. Premier Christy Clark is promising to lower the HST rate by 2 per cent in the next three years. This will make B.C.’s combined tax drop to 10 per cent. Clark announced today that she has decided to “rebalance the burden” of the HST between businesses and consumers. The change, however, will only be made if B.C. residents vote in favour of keeping the HST in place on June 24.
Provincial Finance Minister Kevin Falcon is pleased with the announcement and believes …

British Columbia, HST Petitions, HST Rebates »

[19 Apr 2011 | 2 Comments]

Protesters of the HST released a report earlier this month highlighting the problems with the harmonized system. Leader of the anti-HST movement former Premier Vander Zalm, organized a group of volunteers to compile the report focussing on the burden of the HST. Vander Zalm stated that the report investigates how inflation and the stagnant economy is a direct result of the harmonized tax. He claims that the tax places an unnecessary burden on the middle and lower class residents while giving more power to the federal government when it comes …

British Columbia, Ontario, Real Estate HST »

[22 Mar 2011 | 6 Comments]

In the wake of new mortgage rules being announced March 18, 2011, many home buyers are struggling to keep up with not only the changes but the HST implementation.  Already British Columbia has seen a decline in construction and purchase of new homes as a result of the HST rules, but there may be a continued decline due to the new mortgage rules.
The new rules are said to help stabilize high ratio mortgages as well as the market by decreasing the amount of household debt in Canada.  While these new …