Hello. Next summer (2010) the Ontario Government is set to put into force its new harmonized GST/PST sales tax which will apply a 13% sales tax to everything we purchase.
Things That Were Not Subject To The Current 8% PST Will Be Now Taxed
As a result, things that were not previously taxed under the current Ontario Provincial Sales Tax (PST) will be taxed at 8%.
The new 13% tax will therefore apply to things like your electric bill, your gas bill, your water bill, condominium fees, insurance premiums, and every other good and service you purchase. There are almost no exemptions.
The current Ontario PST tax does not apply to services, nor does it apply to the purchase of certain goods. The new 13% tax will therefore extend the old 8% PST tax rate to the purchase of all goods and all services.
The New 13% Tax Will Apply To The Purchase of All New Homes
The new harmonized GST/PST will also apply to all purchases of all new homes. If a person were to purchase a new $1 million dollar home in Toronto , they would have to pay roughly $200,000 in taxes as a result of the Ontario land transfer tax, the new city of Toronto land transfer tax, and the new harmonized 13% GST/PST.
Think about that and what that would do to real estate values in the province .
It will cause property values to fall and kill the new home construction industry and the jobs it creates.
And it won't be long before you'll hear our elected representatives telling us that, because of the harm that has been inflicted to the new home construction industry by the new 13% tax, it would be "fair" to extend the new 13% tax to sales of existing homes.
The New 13% Tax Is An Assault On Your Primary Residence
Canadians have had two things that they have always been able to count on as being tax free - things that they could use to save money and accumulate wealth. They are your: (a) primary home; and (b) RRSP. That's it.
The extension of the new 13% GST/PST to homes is simply a tax assault by the government on your primary home. They want to tax your primary home and you will suffer because of it.
Why? Because if a purchaser has to pay almost $200,000 in taxes to buy your $1 million dollar home, the purchaser is going to pay less to you for your home. The purchaser will reduce the amount he or she is willing to pay to you in order to pay all the taxes.
The New 13% Tax Will Effectively Raise Your Income Taxes
Currently, the combined Federal/Ontario income tax rates are roughly 25% on the first $20,000 of taxable income, 42% on the next $40,000 of taxable income, and 46.5% on each dollar of taxable income over $60,000. On top of that you have to add the "Fair Share Health Tax" of up to $1,000 each of us has to pay.
If the Ontario Government gets away with implementing their new harmonized GST/PST sales tax of 13%, the top effective income tax rates in Ontario will be as follows (since you can't spend any of your tax paid dollars without paying the new harmonized 13% GST/PST tax):
38% on the first $20,000
53% on the next $40,000
59.5% on every dollar over $60,000
On top of that, you have to pay your Ontario Fair Share Health Tax, your city realty taxes, your city garbage fees, your city water fees, your city street parking permit fees, your annual Ontario vehicle license plate fees, your Ontario land transfer tax, your gasoline taxes, your liquor taxes, your air departure taxes, your entertainment taxes, and so on.
OF ALL THE MONEY YOU WORKED HARD TO EARN, WHAT PERCENTAGE ARE YOU REALLY KEEPING FOR YOUR OWN USE? 25%? 20%? 10%?
ENOUGH IS ENOUGH - FIGHT BACK
THIS HAS GOT TO STOP HERE OR WE WILL ALL SOON BE WORKING FULL TIME FOR THE VARIOUS LEVELS OF GOVERNMENT IN ONTARIO .
YOU CAN ALREADY SEE HOW ARE LIFESTYLES ARE DECLINING BECAUSE OF THE ENORMOUS TAX LOAD WE BEAR.
AS A RESULT, I URGE YOU TO TAKE THIS ISSUE SERIOUSLY AND TO FILL IN AND SIGN THE PETITION AT www.unfairtaxgrab.com AGAINST THE NEW HARMONIZED GST/PST TAX.
I WOULD ALSO ASK YOU TO SEND THIS E-MAIL ON TO OTHERS THAT YOU KNOW AND ASK THEM TO DO THE SAME.
IF WE DON'T WORK TOGETHER ON THIS ISSUE THE NEW HARMONIZED 13% SALES TAX WILL BECOME A REALITY NEXT SUMMER.
Dalton McGuinty claims “no one is complaining” about his unfair tax grab. You proved him wrong this week. On Wednesday we sent out a request asking you to send a message to the McGuinty Government about the HST. Almost instantly our email box began to fill. By the end of the day we’d received nearly 2,000 messages.
New Democrat Members of Provincial Parliament did their best to read them into the record in the Legislature, but they simply ran out of time. The good news is: there are more debates to come and we’ll be sending you details about how to keep up the fight against this unfair tax grab. In the meantime, you can read a transcript of the debate here .
Dalton McGuilty is seriosuly a douchebag and I would love to kick his a$$ personally. We are WAAAAAAAAAAAYYY Overtaxed, enough is enough. Nowhere else in the world would they take this crap, we Canadians are WAY too nice, that's our problem, yes nice guys DO finish last and I am tired of it.
By the way, has anyone else noticed how much insurance has gone up??? Its redonkulous and people are going to start driving with no insurance, hell I'm tempted to for my winter car.
Fricken obsene.
One of my closest friends is a Liberal MP. I have given it to him for a while about this.
Canadians are too complacent. In Italy MP's would mysteriously vanish if they tried to implement a tax like this. Mguilty blows (luv that Corrado).
Good initiative Mike.
I signed,,,they may not like but I am not sending them (Liberals) any more dough from now on.......so he has been by buddy for a long time....this tax is a stifling grab.
Last edited by Jutskin; 11-19-2009 at 06:09 PM.
Reason: decided to make a stand
Guess who mine is - The Right Honorable Wilkinson who's in charge of the HST.... i mean BST...
I don't necessarily agree with stopping the HST, I more believe the Liberals need to modify the HST plan to ensure the total personal taxes collected from most individuals does not go up.
Guess who mine is - The Right Honorable Wilkinson who's in charge of the HST.... i mean BST...
I don't necessarily agree with stopping the HST, I more believe the Liberals need to modify the HST plan to ensure the total personal taxes collected from most individuals does not go up.
they are absolutely crazy implementing these unfair taxes, and have no idea of the reprocussions... this is by far the largest tax grab in history.
Imagine of they informed the public about how much revenue these bastards plan on raking in from this hst tax? I am sure it is easily in the 5-10 billion dollar range....if not more. i pay cash wherever and whenever I can...and these aholes dont get a cent of it.....but believe me, they get more than their fair chunk of my dinero.
yup - and while McG is pushing it through - Hudek says if elected he won't repeal it looks like we're screwed again. We need a new party in Ontario, worked for Quebec, but then real politicians will worm their way into it as well and in the end there will be just one more group looking to take more $ from us all, smiling all the way.
they're just posing, hoping to gain some points but when they say they won't repeal the legislation if elected that says it all. They are no different than any other politicians, no better no worse just bottom feeders.
Corvette Store
Stop the tax....
