Fight the 13% tax grap scheduled for July 1 -

This is a taxgrab of major proportions . Maybe with your help it can be stopped. If anyone is selling their house do so before July 1,2010. Please pass it on and tip the balance 

This is interesting and maddening regarding the HST. There is a legitimate petition at the end of the email for the Legislative Assembly of Ontario to cancel the current plan to introduce HST on July 1st.     Thomas. 
         
Hello here is some information for your information and as a call for action

This summer (2010) the Ontario Government is set to put into force
its new harmonized GST/PST sales tax which will apply a 13% sales
tax to everything we purchase.
 
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 electric bill,
your gas bill, your water bill, condominium fees, insurance
premiums, and every other good and service you purchase. There are
almost no exemptions.

 The current Ontario PST tax does not apply to services, nor does it apply to the purchase of certain goods.

The new 13% tax will therefore extend the old 8% PST tax rate to the purchase of all goods and all services...

 

The New 13% Tax Will Apply To The Purchase of All New Homes

 

The new harmonized GST/PST will also apply to all purchases of all new

homes. If a person were to purchase a new $1 million dollar home in

Toronto , they would have to pay roughly $200,000 in taxes as a result of the Ontario

land transfer tax, the new city of Toronto land transfer tax, and the new harmonized 13% GST/PST.

 

Think about that and what that would do to real estate values inthe province.

 

It will cause property values to fall and kill the new home construction industry and the jobs it creates.

 

 

And it won't be long before you'll hear our elected representatives telling us that, because of the harm

that has been inflicted to the new home construction industry by the new 13% tax, it would be "fair" to

extend the new 13% tax to sales of existing homes.

 

The New 13% Tax Is An Assault On Your Primary Residence

 

Canadians have had two things that they have always been able to count on as being tax free - things that they

could use to save money and accumulate wealth. They are your: (a) primary home; and (b) RRSP. That's it.

 

The extension of the new 13% GST/PST to homes is simply a tax assault

by the government on your primary home. They want to tax your

primary home and you will suffer because of it.

 

Why?

Because if a purchaser has to pay almost $200,000 in taxes to buy

your $1 million dollar home, the purchaser is going to pay less to

you for your home. The purchaser will reduce the amount he or she

is willing to pay to you in order to pay all the taxes.

 

 The New 13% Tax Will Effectively Raise Your Income Taxes

 

Currently, the combined Federal/Ontario income tax rates are roughly 25% on

the first $20,000 of taxable income, 42% on the next $40,000 of

taxable income, and 46.5% on each dollar of taxable income over

$60,000. On top of that you have to add the "Fair Share Health

Tax" of up to $1,000 each of us has to pay.

 

 If the Ontario Government gets away with implementing their new harmonized

GST/PST sales tax of 13%, the top effective income tax rates in

Ontario will be as follows (since you can't spend any of your tax

paid dollars without paying the new harmonized 13% GST/PST tax):

 

• 38% on the first $20,000
• 53% on the next $40,000
• 59.5% on every dollar over $60,000

 

On top of that, you have to pay your Ontario Fair Share Health Tax, your

city realty taxes, your city garbage fees, your city water fees,

your city street parking permit fees, your annual Ontario vehicle

license plate fees, your Ontario land transfer tax, your gasoline

taxes, your liquor taxes, your air departure taxes, your

entertainment taxes, and so on.

 

OF ALL THE MONEY YOU WORKED HARD TO EARN, WHAT
PERCENTAGE ARE YOU REALLY KEEPING FOR YOUR OWN USE? ?25%? 20%?
10%?
 

ENOUGH IS ENOUGH - FIGHT BACK
 
THIS HAS GOT TO STOP HERE OR WE WILL ALL SOON BE
WORKING FULL TIME FOR THE VARIOUS LEVELS OF GOVERNMENT IN ONTARIO.

YOU CAN ALREADY SEE HOW ARE LIFESTYLES ARE
DECLINING BECAUSE OF THE ENORMOUS TAX LOAD WE BEAR.
 
AS A RESULT, I URGE YOU TO TAKE THIS ISSUE
SERIOUSLY AND TO FILL IN AND SIGN THE PETITION.
 
AT www..unfairtaxgrab.com?AGAINST THE NEW HARMONIZED GST/PST TAX.
 
I WOULD ALSO ASK YOU TO SEND THIS E-MAIL ON TO
OTHERS THAT YOU KNOW AND ASK THEM TO DO THE SAME.
 

IF WE DON'T WORK TOGETHER ON THIS ISSUE THE NEW
HARMONIZED 13% SALES TAX WILL BECOME A REALITY THIS SUMMER.
 
THANK YOU.and make a difference it is your money that you are protecting
 

 To sign a petition go to www.unfairtaxgrab.com
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Thousands say "no" to the HST
 
 Dalton McGuinty claims no one is complaining about his unfair tax grab.
You proved him wrong this week. On Wednesday we sent out a
request asking you to send a message to the McGuinty Government
about the HST. Almost instantly our email box began to fill. By
the end of the day we received  nearly 2,000 messages.
 
New Democrat Members of Provincial Parliament did their best to read
them into the record in the Legislature, but they simply ran out
of time. The good news is: there are more debates to come and
well be sending you details about how to keep up the fight
against this unfair tax grab. 

 
 4 months to go -Time sensative - July 1,2010

 

Be part of the tipping solution -Get involved  -Together we can stop the HST.

 

 

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