Saturday, March 27, 2010

HST will catch people sleeping July 1st

The HST (Harmonized Sales Tax) has been talked about here before; a louder voice than mine reaffirms my own views that the residents of Ontario do not realize how far reaching this tax will be into the pocket book of consumers. What is covered What is Not

Cheri DiNovo, MPP for Parkdale High Park said "residents do not realise how far this will go; into houses, professional services, real estate, insurance, gasoline, rents, condo fees, on a range of items unexpected."

The HST will inevitably hurt small business as people react by closing their wallets. It will further drive the underground economy by making the cash option a minimum of 15% - 20% less since you didn't pay it, they won't declare it. Cash registers don't have that option.

It is not that people do not care; we are generally focused on the issues in our lives and the daily chores, delights and drama's that command our attention. If I can be of assistance to you, in achieving your goals, give me a call.

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