Consumers paying to run B.C. now, not business

Dear editor,
I have just been investigating the effects of HST and would like to share with you (and possibly your readers) some things that I have found out which I think are very important and that, I believe, few people are aware of.

Dear editor,

I have just been investigating the effects of HST and would like to share with you (and possibly your readers) some things that I have found out which I think are very important and that, I believe, few people are aware of.

The first thing is that rebates equal to the HST are given to industry for purchases that they make for their business, where previously they were given rebates only for the GST.

This gives the result that where business used to pay towards the operation of the province, they no longer do. The cost of running the province has been shifted onto the consumer.

Another thing that I have learned is that when a young couple buy a new home today in B.C. they must pay considerably more for the house than they would have under the previous GST only tax, since new housing was exempt for the PST.

For a house with a sale price of $200,000.00 the additional cost is $7276.80 when one includes the taxes on the retailers’ commissions (assuming 1.5 per cent commission rate). If the house costs $700,000, as might be the case for our poor friends down in Vancouver, then the additional taxes amount to more than $25,000.

We have no guarantee that if the HST is eliminated that the government won’t then add the PST to the cost of a new house.  We would have to ask them — during the next election campaign — what their intentions are and then decide whether or not we can trust what they say.

I am not an expert on tax matters so my numbers may not be entirely correct, but I think they are right and would welcome any corrections that might be offered. Unless I am convinced otherwise, I intend to vote YES — eliminate the HST — and I would encourage others to do the same.

David Netterville,

Courtenay

Just Posted

Y2K Spitfire comes home

Stocky Edwards guest of honour at banquet

Crown Isle acquires Longlands Golf Course

The Crown Isle Resort and Golf Community just got a little bit… Continue reading

Heliports certified at Comox Valley, Campbell River hospitals

Both sites should see heliports up and running by late summer

115 new wildfires burning across B.C. due to 19,000 lightning strikes

More fires expected to start today, says BC Wildfire Service officials

Three small wildfires burning west of Courtenay

The blazes are the result of a brief thunderstorm last night

VIDEO: Trades jobs the way of the future on Vancouver Island?

Hundreds of people attend Black Press Career Fair in Nanaimo

Rescued Oregon family simply unprepared for adventure, RCMP say

Agencies now helping the group of four get to their destination in Alaska

Large B.C. tree dies after possible poisoning

Police and District investigate after large chestnut tree’s rapid decline

Canucks release 2018-19 season schedule

Vancouver to face Calgary Flames on Wednesday, Oct. 3, for home opener

VIDEO: Luxury Home and Design Show opens with Italian flare

Event set to run Friday to Sunday at BC Place in Vancouver

Small new charge on BC Hydro bills goes toward new crisis fund

The new fund aims to help customers who find themselves in financial emergencies

UPDATED: Crown appeals B.C. polygamous leader’s acquittal in child bride case

James Oler had been charged with taking his underage daughter to the U.S. to marry her off

A day to remember: Glacier View Secondary holds 2018 graduation ceremony

Glacier View Secondary School held its 2018 graduation ceremony on Thursday, June… Continue reading

Fake cops ‘arrest’ woman, steal $6,000 in latest CRA scam

Vancouver police urge people not take calls from anyone saying they’re from the Canada Revenue Agency

Most Read