Taxes. No one likes them. And when politicians play around with them, the public gets annoyed. The New HST is a very contraversial issue. Being from Alberta and having never experienced a ‘PST’ before, I did not know much about the difference between PST/GST and HST. The only thing I was sure of was the fact that British Columbians did not seem happy with the new HST. So, I did some research.
It turns out there are multiple issues with the HST, both good and bad.
BAD: Economin Downturn-Some business suffer quite a bit. (Real estate and restaurants). Now, customers must pay a 12% tax on purchases, versus the 5% GST that was charged before. Does this sound like economic stimulus and an incentive for people to buy more? Uhhhh….no. Also, when examining alternatives, such as buying food at a grocery store and not paying HST, to not building and moving to a new house and save money, these options become attractive.
GOOD: It seems that the HST might benefit middlemen and sellers in one sense. They get HST rebates when they buy supplies needed for their business. Therefore, only the consumer pays the HST. The hope was to drive down prices with the lowering of taxes for business. Yet, in my opinion, the results of that still have to be seen.
Sorry, Mr. Campbell…not too sure i agree with you.



