HST
HST
Information and resources about the Harmonized Sales Tax being introduced in Ontario in 2010. HST will bring widespread benefits to Ontario in terms of increased competitiveness, more jobs and investment, and is supported by organisations as diverse as the Ontario Chambers of Commerce and the Daily Bread Food Bank.
Strong Medicine for Our Economy:
The worldwide economic recession hit Ontario hard. But the Ontario Liberals hitting right back with an aggressive plan to create new jobs and growth.
Read more at http://strongmedicine.forontario.ca/
What's Taxable; What's not Taxable? The facts.
Download this invaluable document, which lists exactly what items HST applies to when it replaces the current GST + PST regime on July 1st.
While it is important to note that in the vast majority of cases there is no change in the tax payable by consumers on July 1st, this document provides the exact details of which items will have HST applied to them.
Download the document (525 KB)
Not a Tax Grab: A Second Look at Ontario’s HST
Today's Toronto Star ( December 15th, 2009) included the following story from an independent analysis of HST carried out by the Canadian Centre for Policy Alternatives:
You can find the link to the Star story here: http://www.thestar.com/news/ontario/hst/article/738403--hst-won-t-hurt-much-report-says.
Key quote:
"Assertions that this is a tax grab have no foundation in reality," Lightman said."
MORE Provincial Conservatives Support Harmonization
Queen’s Park – We know that Ontario Conservative Leader Tim Hudak supports the HST; earlier this year he said there was “little sense” in having two separate sales taxes and understood how the HST “can help the economy” (March 24th, 2009 – Don Valley West, Conservative Party Annual Meeting).
And Conservative House Leader Bob Runciman also said “I think our Party is supportive of harmonization” and that the HST is “something we think should occur” (March 24, 2009 – Media Scrum).
Who else in the Ontario Conservative Caucus supports tax harmonization?
Experts debunk Tory, NDP myths about the HST
My view by Ron Dennis
Despite “myths” contrived by Ontario’s Conservative and NDP opposition parties – focused only on the small Harmonized Sales Tax (HST) component – the McGuinty governments bold new tax reform legislation will benefit all Ontarians and create nearly 600,000 jobs.
Economist predicts 591,000 new jobs from HST
Report Estimates Benefits of Ontario's Tax Plan
READ FULL ARTICLE
This morning in Niagara on the Lake, Minister Wilkinson announced that a report released today by economist and tax expert Jack Mintz states that a harmonized sales tax combined with Ontario's proposed corporate income tax cuts and other recent tax changes would significantly increase jobs, boost capital investment and lead to higher annual incomes for Ontarians.
The report predicts that over the next 10 years, as a result of these tax measures, Ontario would see:
