New Taxes for Ontario
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.
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.
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.
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 and vehicle license plate fees, your Ontario land transfer tax, your land transfer tax, your gasoline taxes, your liquor taxes, your air departure taxes, your entertainment taxes, and so on.
Urge your friends, family and other concerned citizens to sign the petition at www.unfairtaxgrab.com
.
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.
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.
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 and vehicle license plate fees, your Ontario land transfer tax, your land transfer tax, your gasoline taxes, your liquor taxes, your air departure taxes, your entertainment taxes, and so on.
Urge your friends, family and other concerned citizens to sign the petition at www.unfairtaxgrab.com
.
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