Recent Comments Yet another severe tax in one of the most taxed jurisdictions in the world Hooray for progress. Email: Password:. ConstructConnect is committed to your privacy. The information you provide is used to contact you about our relevant content, products, and services.
Review our privacy policy, do not sell my personal information policy, or unsubscribe. Got it! Privacy Policy. Top 10 largest construction project starts in the U.
Trend lines of construction starts in Canada - September Top 10 largest construction project starts in Canada - September Twenty major upcoming midwest and northwest construction projects - U. Twenty major upcoming medical and educational construction projects - Canada - September Trend lines of construction starts in Canada - August Top 10 largest construction project starts in Canada - August Twenty major upcoming medical and educational construction projects - U.
Twenty major upcoming industrial and water treatment construction projects - Canada - July Trend lines of construction starts in Canada - July Top 10 largest construction project starts in Canada - July Twenty major upcoming Ontario and Quebec construction projects - Canada - July Trend lines of construction starts in Canada - June Top 10 largest construction project starts in Canada - June Construction Economic Notes — February, Recycled-Content Tile.
Fiber-Cement Siding. Green Building Solutions to Stormwater Runoff. Estimate Types. Ground-Source Heat Pump. Universal Design for Outdoor Living. What Is Universal Design?
Natural Landscaping. Green Material Alternatives for Plumbing Fixtures. Greening Your Firm. Estate Planning. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile.
Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products.
List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Fiscal Policy Tax Laws. Table of Contents Expand. Here's why:. First of all, you get rid of an entire provincial government department charged with collecting a tax and passing the expense on to the federal government. Good riddance. Second, it's good for business.
Business will get input tax credits on the full 12 per cent in BC, and 13 per cent in Ontario, and it won't have to deal with the archaic and byzantine rules that applied to the old PST regimes. And the streamlining will be more efficient for business. The proof is in the pudding in B. My law office and other law firms in Vancouver are already acting for U. It's not just because of the lifestyle, the ocean and the mountains, it's because of the input tax credits and no longer having to swallow the 7 per cent PST.
Note to anti-HST leaders in B. Third, accountants, consultants and other professionals will now have to charge the tax lawyers have had to charge in B. Fourth, the PST, whether in B. Why didn't the PST apply to services all these years?
Why just "goods? Are barbers and realtors somehow more important than the sellers of barbeques and lawnmowers that they shouldn't have the same level of tax applied to them? The HST is a highly visible tax.
According to the standard undergraduate textbook, Public Finance in Canada , that's a good thing: "…it is generally agreed that visible taxes are preferable to hidden taxes…. Most economists view the visibility of the GST as one of its beneficial characteristics. The alleged advantage of visible taxes is better policy choices. Supposedly, if people know how much they are paying in taxes, they will be able to make informed decisions about how much government spending they are prepared to support.
Making taxes visible might be good economics. But it's certainly lousy psychology. Behavioural economics research consistently finds that people are averse to losses. Over all, some people have gained from the introduction of the HST. For example, university students who don't spend much, but still get an HST refund cheque, are now better off.
Some people have lost out, for example, people who spend a lot of money on the services that were tax-exempt under the old provincial sales tax.
0コメント