The clothing industry doesn’t escape the Harmonized Sales Tax scheduled to come into effect on July 1st. Both GST and PST are already charged on most articles of clothing and accessories. Tax on adult clothing and shoes, watches, jewelery , handbags, backpacks, sunglasses and belts will all remain being taxed at 12%, but instead of 5% GST and 7% PST, it will now be a 12% HST. Used adult clothing escaped the provincial sales tax, but will be subject to 12% Harmonized Sales Tax after July 1st.
In British Columbia, clothing for children, …

The B.C. Government claims that a Harmonized Sales Tax will in fact have a positive impact on the restaurant industry. The HST will purportedly save small and medium size business approximately $2 billion in business costs, savings which, in turn, can be passed to the consumer.

How does this work?
Currently with the embedded PST system businesses are paying taxes on most of their inputs that go into producing their goods or service. These embedded taxes are factored in to the price consumers pay on the final product or service.

Cosmetic surgery is going to be one of those services that instantly becomes more expensive after HST comes into place in Ontario and British Columbia. Dr. David Ellis of The Art of Facial Surgery in Toronto says:
“I think it’ll be catastrophic and everyone in July will buckle in their straps and stop spending money, and we need people to spend money for the economy.”
Reported by the Toronto Sun, this means the average cost of breast implants in Ontario will go up $400-$800 dollars. The average face-lift in Ontario will cost …