tag:blogger.com,1999:blog-2401692215396346488.post7985861731325606546..comments2023-05-06T05:32:39.939-07:00Comments on Bee-Dee Bloggin: Harmonized Sales Tax (HST) - To Be Passed This Week?Bryen Dunnhttp://www.blogger.com/profile/02459184180588855130noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2401692215396346488.post-91399754648682404582009-12-08T10:03:58.421-08:002009-12-08T10:03:58.421-08:00Claims that the HST is a tax grab are simply not t...Claims that the HST is a tax grab are simply not true. No one believes that Ontario will emerge from this recession the same as it went in. We need to become more competitive. <br /><br />A report by TD Bank estimates the HST will reduce cost of doing business in Ontario by roughly $5.3 billion and that the majority of these savings will be passed on to customers within the first year. In fact, the majority of items you purchase - 80 percent – will see no tax change at all. <br /><br />A recent report by economist Jack Mintz confirms that Ontario needs to reform its tax system to create jobs and put Ontario back on its feet. It says, as a result of the HST, within 10 years Ontario would see:<br />o An estimated 591,000 additional new jobs<br />o Increased capital investment of $47 billion<br />o Increased overall annual worker incomes of up to 8.8 per cent, or $29.4billion<br /><br />We have a choice: we can refuse to fix what’s broken, resign ourselves to the idea that Ontario will be less competitive or we can move forward and get the jobs Ontario needs.<br /><br />Please visit: http://sites.google.com/site/thetruthaboutthehst/HST Factshttps://www.blogger.com/profile/09119452674199952456noreply@blogger.com