[span style="color: rgb(0, 0, 191);"]New jobs LOL I doubt that but if it does create some that would be really good, I need one.[/span][br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]Things going down in price I doubt that... It is more than likely we are gonna see a increase in prices on things. [/span][br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]I now have to pay taxes on a bag of maggots, they used to be tax free most fishing baits were non taxed only the metal lures and things but not the live baits.... Oh and my medical supplements that were originally non-taxed are now going to be a taxed item... EVERYTHING that you paid GST on will now be taxed by HST[/span][br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]Savings If I get any I will let you know... If I manage to actually save anything I will be rather flabbergasted.. After reading all this fertilizer spewed by the goofs in power... all I can say is No I don't want to pay for the Olympics but I am being robbed by the Government in order to do so... [/span][br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]Sighs... I barely afford to live now, this is just going to make things that much harder...[/span][br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]I have a impossible time dealing with Things as it is, eliminating changing things is just going to make things even worse for those in in a financial crises. People are drowning and there is no help to turn to. [/span][br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]These Changes in the Tax system do nothing to help us who earn under 30 thousand a year. it may be beneficial to the elites those in government service those who earn over 40 thousand a year.... but any one who has earnings under 30 thousand a year is going to be affected by these changes and they will be negatively impacted and no amount of candy coating will change the fact this is a tax grab and that the poor are being raped once more. [/span]
BC Harmonized Sales Tax (HST)
British Columbia will harmonize its provincial sales tax (Social Services Tax, aka PST) with the Federal goods and services tax (GST) effective July 1, 2010. The Consumption Tax Rebate and Transition Act, which eliminates the PST and prepares BC for the HST, was passed in the BC legislature on April 29, 2010.
The current PST rate in BC is 7%, which, when combined with the GST results in a harmonized sales tax (HST) rate of 12%.
The implementation of HST in BC will be good for the economy, which will be good for job-seekers and consumers. It removes a consumer tax (PST) which is costly for businesses and government to administer. Even a small business (such as a self-employed person) which is not required to register to collect GST has to register to collect PST if it sells or provides any amount of a product or service which is subject to PST.
The government has auditors who must audit businesses, businesses have accountants who must report on and remit the tax, and too often, lawyers and the courts are brought into the picture because the Social Services Tax Act has many parts that are open to interpretation. The implementation of the HST eliminates an entire level of bureaucracy, which is always a good thing!
There will be a slight increased cost to consumers to start, but because this is a consumption tax, those who spend the most will pay the most. Those with low incomes will be affected the least, because they spend the least, and a higher proportion of items purchased by low-income people are not subject to HST, such as basic groceries.
[span style="color: rgb(0, 0, 191);"]But Used Clothing And Used Goods are going to be Taxed More ? So those poor or low income family's who purchase there items in thrift shops and second hand stores will be paying more taxes...[/span]
Another advantage of going to HST is that tax will no longer be payable on most used goods purchased privately. [span style="color: rgb(0, 0, 191);"]But that is only privately...[/span] However, used vehicles, aircraft and boats purchased privately (not from an HST registrant) would still be subject to provincial sales tax, which is being increased from 7% to 12%.
Almost everything that is subject to PST when purchased new is also subject to PST when purchased used. Exceptions to this are used clothing or footwear priced at less than $100, and certain used manufactured homes.
[span style="color: rgb(0, 0, 191);"]And you think thrift stores are going to price things accordingly? Most pawn shops thrift stores even charity run stores like the union gospel mission & salvation army stores even they charge us GST & PST on used clothing plus other items... [/span][br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [span style="color: rgb(0, 0, 191);"]Who tells them they can't? Every time I complain all they do is shrug and say they are required to... and this HST will be charged on all things that we pay GST on... Can Some One Please show me where the savings are ? [/span]
Most people are not aware that the Social Services Tax Act requires them to remit the tax to the government when they buy used goods privately, or when they purchase something from an out of province seller. We would guess that most people don't remit the PST on this type of item, and are therefore in contravention of the Social Services Tax Act.
[br style="color: rgb(0, 0, 191);"] [br style="color: rgb(0, 0, 191);"] [font style="color: rgb(0, 0, 191);" size="2"][span style="font-family: Arial Narrow;"]OK EXPLAIN SOMETHING TO ME I PAID TAXES ON IT NEW, SO WHEN I SELL IT OR BUY IT USED, I HAVE TO PAY TAXES ON IT AGAIN. SO BASICALLY I AM GETTING TAXED ON IT TWICE[/span][/font][span style="color: rgb(0, 0, 191);"]... Like that is really going to benefit those who are low income. [/span]
Businesses which are registered to collect GST or HST can claim input tax credits to recover all of the GST or HST that they have paid. The change to HST will mean a significant savings and boost in productivity for businesses in BC, because:
they will no longer have to pay PST
they will no longer have to prepare PST remittances
they will save on consulting costs - the PST rules are very complicated, and frequently require professional advice in their interpretation
employees will spend much less time trying to find the answers to PST questions
PST audits will be eliminated (BUT HST audits will replace them)
Consumers will now have to pay 12% HST on all goods and services on which they previously paid 5% GST, except for several items which are currently PST exempt and will not be subject to the provincial portion of the HST.
These items are:
gasoline and diesel fuel for motor vehicles
books
children's-sized clothing and footwear
children's car seats and car booster seats
diapers and feminine hygiene products
residential energy
[span style="color: rgb(0, 0, 191);"]Taxes sighs.. I got a headache... and my ass is sore ... just got to love how they take advantage of us time and time again... [/span]
