A link to a letter to the editor of the Vancouver Sun, written by a fellow, who was a BC provincial sales tax auditor for three years and is speaking from first-hand experience.
Former PST auditor says vote No in HST referendum, Vancouver Sun, July 23, 2011.
http://www.vancouversun.com/business...889/story.html
I used to own a small business and I was basically a mail order retail business. I never payed PST on anything used in the manufacture of products or that were to be resold. The rule of thumb was, the end user was the person who paid PST.
I made sales of approximately $150,000.00 (gross) per year and my PST returns took about 1/2 hour to do once every 6 months, including writing the cheque. They even gave me 3% to fill out the form.
Yes, it would have been easier to only do one tax (HST) but to say that companies are paying huge amounts for accountants to do their PST returns either doesn't know what they are doing or is a fool.
Pat
Last edited by The other Pat; 08-03-2011 at 02:45 PM. Reason: Just cause I can
Everyone who voted "Yes" in the HST referrendum should find a local small-business and stop-by and give the owner $10 to help with his/her costs of now having to transition back to a different sales-tax system.
You've made some hardworking small-business owners' lives a bit more difficult, so you should stop by and say "sorry about that". Or just continue to shop at WalMart and don't give a hoot about local small businesses who are struggling to survive........
Originally Posted by Flugel Horn
I voted to keep the HST, because it's a far better deal. This was Vander Zalm's baby from the get-go. And we might all remember what he was all about
http://en.wikipedia.org/wiki/Bill_Va...incial_PremierVander Zalm resigned as premier in 1991 when a provincial conflict of interest report by Ted Hughes found he had mixed private business with his public office in the sale of the gardens. He was charged with criminal breach of trust, but found not guilty in B.C. Supreme Court in 1992. The court ruled that while Vander Zalm had put himself in a conflict of interest, he had not done anything illegal. He was succeeded as Premier of BC by Rita Johnston. In the 1991 provincial election, the Social Credit Party was reduced to seven seats, and has not won a seat in any election since.
And something from BC director Jordan Bateman , Canadian Taxpayers Federations reacts to HST decision
This whole thing was a revenge vote by people who were angry with the Liberals.The Canadian Taxpayers Federation says the HST defeat is good for democracy but bad for the economy.
BC director Jordan Bateman says, "it's bad for the economy because it does make other jurisdictions in Canada more competitive, as far as taxes go. It also jeopardizes a 15% income tax cut, and obviously, the cut to a 10% HST will vanish. It will be problematic for the BC economy, that's for sure."
Bateman also says it's too bad the government didn't go for a 10% HST initially and consult taxpayers first, before unilaterally enacting a 12%t tax.
And maybe the government should mail me a cheque for the $1000 or so they have taken from me since they shoved this down our throats-never happen. Maybe they should have held a referendum BEFORE they implemented this tax, and we wouldn't be here now-again, never happen. The people have spoken.
I can't believe I heard 'The Zalm' say
today. And a flashback in my brain. eeks!"fantastic"
scary.........
If you get that $1K cheque, like Flugel Horn said:
he/she is right!"...find a local small-business and stop-by and give the owner $10 to help with his/her costs of now having to transition back to a different sales-tax system..."
When I get my cheque, they will get there's .
So, are we all ready for higher BC income-taxes and a higher and more-broad (ie. applies to more things) PST?
- stay tuned for the March 2012 BC budget......
Lets be really clear what happened today with the HST referendum result:
- people have not saved themselves money.
If you want a narrow view of just seeing that the HST is eliminated, and if you truly believe that every other tax and fee will stay exactly the same, then I suppose you could think that you're now better-off without the HST.
But I think things are a whole lot more fluid than that.
- BC Ferries fares: the BC Gov't doesn't have any extra money to increase the subsidy, so the high fares will stay.
- Income tax (for those that earn money): I suspect that this will increase for individuals. Starting with next year's BC Budget.
- PST, does anyone really believe that the new post-2011 PST will be exactly the same as the old pre-2010 PST? I don't think so..... Look for PST-creep to happen starting with next year's budget, with some of the exemptions being eliminated and maybe a rate increase.
So to those who are celebrating the referendum result, I have an offer for you:
- I'll give you $5 now, and I'll charge you a total of $8 dollars in bits and pieces later. Do you still feel good about getting your $5 toy?
A cheque you say? LOLOLOLOLOL
Think again, Charlie Brown:
http://www.vancouversun.com/business...108/story.html"It's going to have a profound impact on the economy in general; certainly on the business sector," John Winter president of the B.C. Chamber of Commerce, said . "It's probably catastrophic, if you think about it. We are on the precipice of a possible global recession and this is the last thing we need at this stage. It's reverting back to a tax policy created in 1946, and it's not something that's particularly appropriate to today's economy."
"This is a very, very, big setback for the business community and for building a competitive and productive B.C. economy," Jock Finlayson, vicepresident of the Business Council of B.C. said. "It's not just business that will be affected. It's the provincial economy as a whole."
Posting Permissions
View Profile
View Forum Posts
Private Message
Reply With Quote
