Are you an HST supporter?

Sabrina Dalen — Thu, 27 Aug 2009 16:21:04 +0000

An article by Fiona Anderson in the Vancouver Sun’s Business section reports the following organizations are throwing their support behind the harmonized sales tax (HST):

BC Chamber of Commerce
BC Construction Association
BC Road Builders & Heavy Construction Association
Business Council of BC
Coast Forest Products Association
Council of Forest Industries
Institute of Chartered Accountants of BC
Mining Association of BC
Motion Picture Production Industry Association of BC
New Car Dealers Association of BC
Retail Council of Canada
Telus

The article continues to list the following reasons for this positive reponse:

it will improve productivity, boost wages, & grow the economic pie
companies will be able to deduct the PST they pay, eliminating a 7% added direct cost to doing business
lower costs will encourage companies to invest in new equipment & modernize operations which means new employment opportunities, higher productivity & more competitive enterprises

Those against it are:

NO BC HST Facebook group (108,102 members)
85% of 720 British Columbians polled by Ipsos Reid in July
Canadian Restaurant & Food Services Association
Real Estate Board of Greater Vancouver
BC Real Estate Association
BC Apartment Owners & Managers Association
BC Care Providers Association

The main reason they are against it is because “HST provides no benefit to a service-based economy.”

We would like to know how you feel about HST. Send us a comment! Also, we will be revealing our HST plan for homeowners who will be renovating with us in the next year with renovation end dates past July 1, 2010. Stay tuned!

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Are you an HST supporter?