It turns out that critics of the HST haven't been crying wolf; in fact, the average family earning between $70,000 and $80,000 a year will pay $722 more a year, according to a story in the Ottawa Citizen. It was based on data commissioned and released by the Ontario New Democratic Party.
The analysis, based on Statscan data, shows that the added burden of the new value-added tax will be between
Showing posts with label HST. Show all posts
Showing posts with label HST. Show all posts
Thursday, May 6, 2010
Wednesday, April 21, 2010
HST is not a new tax? Ask your subscribers
It's curious, that Tony Wanless, a blogger for BC Business magazine's website, takes a poke at opponents of the HST and suggests that they're too thick to understand that it's not a new tax, but rather a simple blending of the old provincial retail tax and the goods and services tax that most people pay anyway. The reason it's curious is that, in BC (and Ontario) it IS a new tax on some goods --
What HST means to your magazine in ON and BC
Masthead magazine has published a succinct and useful Q & A summary of the looming impact, come July 1, of the imposition of the harmonized sales tax (HST)on magazines in B.C. and Ontario (where 2/3 of Canada's titles are published.)
Thursday, October 15, 2009
Ontario HST on magazines goes ahead, but subs prepaid before July 1, 2010 are exempt
Ontario has released information on the transitional rules concerning the new harmonized sales tax and, as expected (or feared), there is no exemption for magazines. As of July 1, 2010, the cost to consumers of single copies and subscriptions will go to 13% as the new tax blends the provincial retail sales tax (PST) of 8% and the federal goods and services tax (GST) of 5%. That's the bad news.
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