Heads Up Canadians - GST At 5% 1 January 2008

[Rambit]

Hey, it's a 1% drop and that's a good thing. What it means is that a $50,000 purchase this week + PST + GST = $57,000. Next week the same purchase will save you $500. Great way to start the year off eh!!! Now lets hope they don't raise the price by $500...haha!!!

Bernie

[Rambit]

Just to make it official - NOTICE226 - GST/HST Rate Reduction in 2008

Bernie

[Whipper]

From Canada, living in Singapore to avoid taxes and good to here that the GST is going down...

[Rambit]

Originally Posted by Whipper

From Canada, living in Singapore to avoid taxes and good to here that the GST is going down...

Well, if that's Gleniffer Lake, AB you're from, it's even better seeing as you don't pay PST!!!

Bernie

[FirstChrysler]

Originally Posted by Rambit

Hey, it's a 1% drop and that's a good thing. What it means is that a $50,000 purchase this week + PST + GST = $57,000. Next week the same purchase will save you $500. Great way to start the year off eh!!! Now lets hope they don't raise the price by $500...haha!!!

Bernie

With 2 GST reductions completed, this should put to rest the excuses by provincial and federal governments that reducing taxes on cars is pointless since the car makers will simply raise the price negating the effect of the tax reduction. The theory was if you had to pay the same amount, why not let your good governemnt have it?

Perhaps now it is time to get rid of that $100 luxury air conditioner tax?

[simtso]

they lower the taxes, and then raise the price of gas.