How B.C. can reduce pain from HST
TattoodGirl @ Tue Sep 08, 2009 9:52 pm
herbie herbie:
I was going to say they could ditch the Health Care Premiums but the bastards raised those too.
Now it costs MORE per month for each employee plus I lose the commission for collecting the PST (total about $200 increase in my case), AND I have to shell out 7% PST on everything I buy to resell that I didn't have to before.
AH... but I get that back they say.
So I pay $200 a month more and LEND them 7% of my capital, interest free, for a month.
Thanks for nothing you lying scum.
Now it costs MORE per month for each employee plus I lose the commission for collecting the PST (total about $200 increase in my case), AND I have to shell out 7% PST on everything I buy to resell that I didn't have to before.
AH... but I get that back they say.
So I pay $200 a month more and LEND them 7% of my capital, interest free, for a month.
Thanks for nothing you lying scum.
sandorski @ Wed Sep 09, 2009 12:20 am
BartSimpson BartSimpson:
Yep, it was a fabulous idea to put the screws to the foreign visitors right as people are making reservations for the Olympic Games. Yep, this will work out just fine because we know in the middle of a global depression that no one will rethink their Olympic plans just because it will cost them a few hundred dollars in taxes. That's right, raising taxes has no effect on tourism. None at all. Uh-huh.
Tourists can get their Taxes back by showing receipts before leaving the country.
sandorski @ Wed Sep 09, 2009 12:22 am
Brenda Brenda:
herbie herbie:
Example:
Say the sawmill buys a new blade today. They pay 7% sales tax on the blade because it's used at the mill, not resold to someone else.
After July they'll charge 12% HST on everything they sell that month, deduct the 12% HST on everything they bought that month and remit only the difference. So they get that 7% back a month later. More or less.
People who buy a lot of things for expansions and day to day running will save somewhat. Until the last month they operate when they stop buying.
My customers will see no difference buying a computer part. But they will now pay 12% instead of 5% for a virus-cleaning, a tune-up, a diagnosis. Only business customers will get to claim it back. Joe Public gets hosed another $10..
Say the sawmill buys a new blade today. They pay 7% sales tax on the blade because it's used at the mill, not resold to someone else.
After July they'll charge 12% HST on everything they sell that month, deduct the 12% HST on everything they bought that month and remit only the difference. So they get that 7% back a month later. More or less.
People who buy a lot of things for expansions and day to day running will save somewhat. Until the last month they operate when they stop buying.
My customers will see no difference buying a computer part. But they will now pay 12% instead of 5% for a virus-cleaning, a tune-up, a diagnosis. Only business customers will get to claim it back. Joe Public gets hosed another $10..
I understand your example, but I can't see how that is good for the whole industry persay. It is only good for the period now, till it is installed. And that is for every business. What after that? We will all pay. That means we all have 5% less to spend. I can't see that is good... But hey, who am I
From what I understand, a lot more things that Sawmills Buy are subject to PST and not GST. So they'll have fewer times being Taxed.
Gunnair @ Mon Nov 02, 2009 9:56 pm
TattoodGirl TattoodGirl:
I have my ideas but they would land me in jail, so I will keep my mouth shut
Huh. They finally got to you.
Calman @ Mon Jan 25, 2010 7:16 pm
... just caught a clip on CHBC tonight, with HST questions directed at Gordon Campbell. Sounded like he was walking around a "hot pot" to me. A popular tax for Industry, but not likely to please the average tax payer!!!
Cal 
herbie @ Wed Jan 27, 2010 12:35 am
If I remodel and buy new carpets, desks, shelving, etc. I will now be able to write off the HST, a net savings of the 7% PST. But the contractor's going to charge 12% instead of 5% for his labour portion. So let's say next year I spend $10K on stuff ($700 saved) and $2K on installation ($140 more), tack in $1200 in lost PST commissions for the year: It costs $640 more.
But if a mill does $10 million of new parts (savings $700,000) and it costs $1 million to install ($70,000 more) they save $630,000. Not too shabby.
Like everything really goddam good for HUGE business, meaningless for small business.
Brenda @ Wed Jan 27, 2010 6:35 am
sandorski sandorski:
BartSimpson BartSimpson:
Yep, it was a fabulous idea to put the screws to the foreign visitors right as people are making reservations for the Olympic Games. Yep, this will work out just fine because we know in the middle of a global depression that no one will rethink their Olympic plans just because it will cost them a few hundred dollars in taxes. That's right, raising taxes has no effect on tourism. None at all. Uh-huh.
Tourists can get their Taxes back by showing receipts before leaving the country.
Nope. Not anymore.
Gunnair @ Wed Jan 27, 2010 7:01 am
This might work...
Freakinoldguy @ Wed Jan 27, 2010 9:02 pm
Gunnair Gunnair:
This might work...
Your suggestion just might be the most appropriate, since that prick Gordon Campbell isn't gonna stop giving us the shaft anytime soon.
Lemmy @ Wed Jan 27, 2010 9:06 pm
If the provinces had introduced a, say, 1% reduction in the PST to coincide with the harmonization, then we could have believed their reasons for introducing the HST. As is, however, it's another hold up..."Put your wallets on the table on your hands in the air, fuckers."
Calman @ Wed Jan 27, 2010 10:20 pm
Priceless!!! 
.. but do we get to keep the empty wallet, or will small print take that option away from us too?