One tax, please?
Mar 20th, 2010 by Zee
We all have heard about the NEW 12% HST tax that includes 5% GST plus 7%PST. I know 5% + 7% = 12% but this time, I don’t get to ask for “ONE TAX, PLEASE”!
I don’t know what the BC government thinking by implementing more tax into restaurant meals, airline tickets and others which were previously exempt from the PST. Do they not know what the consequences will be for student employment and low-income households?
Based on the HST official site, the subtitle is “creating jobs, lowering prices”. EXCUSE ME?!?! That is the world’s most contradictory phrase!
How is a 12% HST tax of a $800,000 home which is $36,000 “lowering prices”? I wonder how this implementation will hit the real estate market. “They have absolutely lost their minds if they expect people to pay that sort of a tax. I don’t understand why on earth the government would do that to the housing economy, seeing as housing is one of the staples of a healthy economy, as you can attest to by checking out what’s happening in the U.S.,” Tom Everett, a Vancouver realtor said.
Now, let’s all go and stop HST.
