Friday, April 24, 2009

Savings amid tax harmonization

Recently the Ontario government agreed to harmonize the GST and PST taxes into one tax. This tax will now apply to more products and services than before because some of those products that were exempt from GST will not be exempt from the HST. In essence, this harmonization will cost each Ontario citizen more money to live. At least I can save $20 by not buying a new wallet because I am not going to have any money to put in it once this tax is implemented. Guess I’ll have to start shopping in the US soon.

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