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By TreyS (registered) | Posted December 15, 2009 at 16:33:17
And the cost of doing business just went up 5% minimum across the board for all...
If I buy a box of paper clips, I pay $ + 8% RST + 5% GST. I claim the GST paid against GST collected. So the box of paper clips in the end costs $ + 8%
Now with HST
If i buy a box of paper clips, i pay $ + 13% HST. No rebate. In the end the box of paper clips now costs 5% more.
Take business rent for example...
$500 + 5% GST = $525, but the GST paid is rebated off GST collected through sales. In the end the rent washes out $500 / month
with HST $500 + 13% HST = $565. No rebate. Monthly rent just went up 13%
How is that not going to be passed onto retail consumers?
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