HST = WTFT

So rumors of HST ruining the already struggling economy are popping up all over. If you listen to the people on the street they talk about obamas health care more than the impending HST debockle that is about to hit us in Ontario.

Let me break it down, HST will be the combination of 8% GST and Provincial Sales take, taking the take to a 14% on all products and services. Why is this a big deal? Think of it this way, we only pay 8% tax on Fuel. at 1.00 a liter, a honda civic costs $40 bare tank to fill. Now add another 6% and your just giving the Oil companies like Esso, and Shell a Huge Excuse to raise the price of fuel to 1.50L to "Cover the new costs of fuel and future production of their services." As a friend of mine would say, OMG WTF GUY!! exactly like that.

But fuel is not the only aspect that is going to get hit. Everything is going to get hit with HST, that is why they call it a Harmonizing tax. Yet there is nothing Harminious about it! I am not getting Harmony in my life from having added tax on services that once never had them! But here is the sick thing about it, and the only place your going to read about it is at the Gov. Website.  There if you do some digging you will find out information that reads:  "
Although the consumer pays the tax, businesses are generally responsible for collecting and remitting it to the government. Businesses that are required to have a GST/HST registration number are called registrants.
Registrants collect the GST/HST on most of their sales and pay the GST/HST on most purchases they make to operate their business. They can claim a credit, called an input tax credit (ITC), to recover the GST/HST they paid or owe on the purchases they use in their commercial activities.
GST/HST registrants must meet certain responsibilities. Generally, they must file returns on a regular basis, collect the tax on taxable supplies they make in Canada, and remit any resulting net tax owing."

Yeah it's a chunk to read, but I'll break it down. What you just read is called "legal Money Laundry" where we pay a buisness the HST tax which we assume is going to the GOV. for roads and services, but in turn the companies apply for the tax rebate and get all that money back into their pockets. So let me ask you this oh Oil Baron sitting on a mountain of liquid gold. Why is Fuel prices increasing to cover the new sales tax, when you apply for the rebate and get all that money back?

It even goes as far to say that if you buy a buisness you have to buy 90% of the usable product to be eligable for no GST/HST on the purchase, otherwise you have to buy out the company stock. Sounds great for all the big companies, but terrible for us little guys trying to be entrapeaurs and start and grow a buisness.

Now the complaint has been made that the new HST will push away buisness and with a growing concern of Call centers outsourcing, and the Large fleet of Graphic design firms trying to move away, I am starting to see the true side of this whole debockle, so here it is.


The Gov. Realized that we need more business in Ontario to bring us out of the Recession. Rather than create a nice bonus for new companies that did not involve the people, they created HST. HST allows corporations to charge us tax and then apply to get the money back completing the loop. We pay for new business in Ontario, and the Gov. gets to look like the heroes that saved the economy.

So my question is this, when do we as a people go against the grain and talk back? YOU have the opportunity to contact your local MP and get the ball rolling. Trust me when I say they will go the distance to call everyone they can to make your concern heard. Don't sit back and just read a Blog and feel informed. Do your part to save your wallet, and your family.