56% mistakenly believe HST applies to purchase price
Toronto, Ontario, October 27, 2010 – An Ipsos Reid survey commissioned by the Ontario Real Estate Association (OREA) and released today reveals that 56 per cent of Ontarians mistakenly believe that the new Harmonized Sales Tax (HST) applies to the full purchase price of a resale home. In fact the HST is only levied on the various transaction ...
Posted by Constantine Isslamow
on September 26, 2011
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 internet bill, electric bill, your gas bill, your water bill, condominium fees, insurance premiums, and every other good and service you purchase. ...
Posted by Constantine Isslamow
on April 13, 2010
This new RST/GST tax is not getting any coverage in the newspaper/television and I am not sure why. It is going to be the biggest tax increase in history. It's like no one wants to inform us of the facts. I have been investigating and I would like to share my findings. The new tax will be administered by the Federal Government. It will be based on the GST, that means if the ...
Posted by Constantine Isslamow
on October 31, 2009
As a concerned taxpayer I feel it is important to have you all understand what the new HST or "blended tax" means to Ontarians. It amazes me that this announcement has slipped by without a ripple, and yet when I tell people about the impact to them they are all shocked. The intended purpose is to blend the GST and the PST into one tax. This will cut down the paperwork burden for Ontario businesses ...
Posted by Constantine Isslamow
on April 21, 2009