Hi Guys and Gals,
I haven't posted much as of late, been far too busy to participate in the past few months. Here are my few cents regarding the this topic...
As many of you know, the HST is designed to shift tax away from business and onto the consumer. I am personally against the tax due to my position against supporting the expansion of oil, gas, and mining exploration in this province.
As a refresher, here are few examples of where the HST removes money from your wallet:
When you try and fix up or sell your house:• Real estate commissions (translates to an extra $2,500 on selling a 500K house)
• legal/notary fees, commissions and other closing costs
• Home Inspections
• EnergyStar windows
• Thermal insulation, weather stripping, and caulking
• Smoke detectors valued less than $250
• Food producing plants and trees
• Household moving services
• Repair to certain household appliances
• Repair, maintenance or renovation services for real property
• Landscaping, lawn-care, private snow removal, and house cleaning
• Interior design services
Day to Day Hits:• Basic cable television
• Local residential phone
• Restaurant meals
• Hair stylists/barbers
• Taxis
• Motor vehicle parking
• Accounting services
• Newspapers
• First aid kits
• Certain school supplies
• Magazines
• Adult sized clothing for children
• Shoe repair
• Tailoring services
• Dry cleaning
• Used adult clothing purchased for less than $100
• Snack foods
• Computer software repair services
• Esthetician services
• Cigarettes
• Cigars
• Chewing tobacco
• Veterinarian services
When You're Sick:• Massage therapy services
• Over-the-counter medications
• Vitamins
When You Want to Have Some Fun:• Admission to professional sporting events
• Domestic air, rail and bus travel originating in British Columbia
• Movie tickets
• Safety helmets for sports
• Golf memberships and driving range fees
• Ballet, karate, trampoline, hockey, soccer lessons, etc.
• Tickets for live theatre
• Admission to museums and art galleries
• Music concerts
• Ski lift passes
• Fishing Guiding Services
• Children's sized ski boots
• Hockey rink and rental halls
• Music or video purchased and downloaded electronically
• Catering and event planning services
• Wedding planning services
• Camping sites
When You Want to Get healthy:• Gym and athletic memberships
• Bicycles
• Fitness trainers
• Nicotine replacement products
When You Die:• Funeral services
A vote for "No" will open the flood gates to mining exploration in BC; you'll help foreign multinationals save 7% on their costs to take what's yours as a matter of fact, they will no longer pay any tax on costs, nor on what they export.
http://www.hstinbc.ca/building_the_economy/industry_specific/miningB.C.’s mining sectors will benefit significantly from the HST as both their business inputs and their exports are no longer taxed. The HST will help put the B.C. mining sector on a more level playing field with their competitors.
With the HST, these businesses can recover the HST they pay on their business inputs by claiming Input Tax Credits. Input Tax Credits for the HST work the same way they did for the GST. Before the HST, businesses could recover only the 5 per cent GST – they couldn’t get back any of the 7 per cent PST paid. Now most businesses can recover the full 12 per cent HST paid.
The HST is expected to result in savings of about $80 million for the mining and oil and gas sector, which has lately been seeing some of the largest profits in history.