HST Impact

How do you expect the HST to impact you?

Buying & selling used cars is going to get alot less convenient and cost effective, which i suspect is a part of the reason for the raise.

Puts the dealers on a leveller playing ground.

if you live in a condo your fees are likely going up too… since the condo fee includes coverage of fees that previously did not include the second tax.

It’s going to cost more to do everything… but mainly the the car parts :frowning: lol

only if you buy from an out of province supplier in Canada… everywhere else you buy from applies both taxes anyways…

I have been thinking of something to say to people about this HST thing. Yet, in reality…why even bother? It’s life in Canada, can’t change it. So fuck it. Go with the flow.

It’s going to make everything a little tougher until we get used to it.

Think of it this way. How often do you hear people bitch about the price of gas now? Not often. Why? Because people have gotten used to the stupid redic prices.
Once we get used to the HST, I would like to see the positive aspects they are promising.

Politics confuse me, and upset me. So that basically all I have to say on this subject.

Its just a cycle…and its going to keep repeating itself until the end of life imo.

its good for small business owners… we get it all back.

and actually if you look at it and understand how it works, end - users should actually save money in the long term becasue the pst that was absorbed into the cost of manufacturing and and distribution along the way to the end user is no longer in effect because HST is fully refundable at every level except for end users .

just like all else , figure out how to advantage of the situation and use it to your benefit

Sorry, can you explain how it benefits small business owners?

well i dont know if this applys for you or not because i do not know the ownership structure of your bussiness but i know first off you save money by only having one set of forms filled out for your bussiness taxes, secone i know for myself my company is a corporation therefore i have to have a Chartered accountant which means i will save money on the amount of work i have to pay for , secondly you , currently you only get a credit on your taxes for you GST seeing as most of us are pst exempt for the stuff we buy for re-sale, and we have to pay in all of our pst to the govenrment. i wont get into too many details here because i do not like to discuss my finacial structure of my bussiness publicly.

http://www.hstincanada.com/2010/01/ontario-hst-exemptions-and-rebates/

pretty good site , explains alot of it … but if you do not understand taxes … well i dunno

this thing is confusing

getting ready to change my invoices for the next month

so GST/PST conbined to HST 13%

What if i sold something outside of Ontario? like Edmonton, Alberta I usually charge 5% tax, what do i charge now? HST 13%?

BTW: our rent went up $500.00 for the shop

Thanks

you will be charging hst to them if they pay hst. if they are an end user they had to pay both taxes anyways. if u are selling for resale purposes currently then you would only charge the gst. but once july first rolls around you will have to charge hst.

Thanks for the reply Hector!

Yeah, i mean for July, and customers/business buying from us outside of Ontario inside Canada is 13% HST? that what i wanted to make sure so i will charge the right price.

Thanks