Friday, 8 July 2011

HST Helps the Whole Country

We have lost sight of one important point in the debate over the fate of the HST here in British Columbia. It is good for Canada as a whole.

Here is something well worth reading:
“Provincial retail sales taxes (RSTs) are outdated and inefficient. They impose a significant tax burden on new business investment and increase the day-today operating costs of Canadian businesses. Unlike the Goods and Services Tax (GST), under which businesses receive a credit for the sales tax they pay on their inputs, these costs are subsequently embedded in the prices consumers pay for goods and services."

- Government of Canada, Budget 2009: Canada's Economic Action Plan

People wanting to invest in Canada and do business here should not have to struggle with a myriad of different sales tax systems, varying from province to province.

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