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HST extinguised in BC

Discussion in 'Canada' started by Tacomada, Aug 26, 2011.

  1. Aug 26, 2011 at 12:00 PM

    Tacomada [OP] Well-Known Member

    Nov 5, 2010
    TBC - Canadiana
    2010 TRD Off Road
    The referendum to extinguish HST in bc was released today. 55% to extinguish. Discuss!

    My view is thats a mistake. Long and short.. we had 5% gst and 7% pst. we went to 12%hst. Some items were not subject to the pst previously and were now subject to hst (read there was an extra 7% on SOME new items). Businesses on the other hand could now claim a rebate for the hst they paid on expenses (couldn't do this for pst) previously they collected and remitted.. Under hst they collected.. deducted what they paid and remitted the difference.

    End result.. basically a shift to consumers. Buy more, pay more. seemed fair to me. Anyways, discuss BCers!

    (and then i'll tell you why you're wrong and im right...:crapstorm:)

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