It's official - Ontario and BC Households Paying More Under HST
OTTAWA, Aug. 19 /CNW Telbec/ - The Canadian Centre for Policy Studies today released a study measuring the impact of the HST, implemented July 1st, on households in Ontario and BC.
Among the findings are:
- the HST, even with personal income tax relief, represents a net tax increase on average households in both provinces over time;
- in the first year the average BC family can expect extra taxation, whereas the average Ontario family will see a tax reduction because Ontario has undertaken HST transition payments to families.;
- the net per-family tax increase in BC is higher than that for Ontario, given that the Government of BC has provided much less personal income tax relief;
- for both provinces the pure HST increase impacts low-income households more than high-income households.
The entire report can be viewed at:
http://www.policystudies.ca/library-mainmenu-76/102-economy/393-impact-of-hst-on-ontario-and-british-columbia-households-
For further information:
contact the author Dr. David Murrell at (days) 506-447-3207 or (evenings) 506-455-4263 or by email [email protected]
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