Fix Auto Ontario

Admin | January 06, 2012 | Comments Off

Fix Auto Ontario

Fix Auto Ontario

Ontario will be joining several other provinces in implementing the new Harmonized Sales Tax (HST). Nova Scotia, New Brunswick and Quebec, already follow the HST. Ontario and British Columbia are both set to introduce HST on Thursday, July 1, 2010. The tax will be collected by Canada Revenue Agency (CRA). Residents in Ontario and B.C. will be taxed on almost everything from home electricity to gasoline to Mutual Fund Management fees. Canada Revenue Agency (CRA) will be collecting the Harmonized Sales Tax.

HST and Ontario Families

A huge backlash has erupted in both Ontario and British Columbia. Canadians in both provinces, feel that the 13% tax will severely hurt families. As the tax burden starts to shift from businesses to consumers, families will be forced to pay taxes on items for which they currently do not. Consumers will begin to pay levies on a range of goods and services; this means big budgeting changes for families in Ontario. Even though most items will have an increase in taxation, several items will be unaffacted by the Harmonized Sales Tax.