Know a Guy

Next 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 Puchase 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 in Toronto. 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 and new City of Toronto vehicle license plate fees, your Ontario land transfer tax, your new City of Toronto 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 .

AS A RESULT, I URGE YOU TO TAKE THIS ISSUE SERIOUSLY AND TO SIGN THE PETITION AT http://www.unfairtaxgrab.com

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 NEXT SUMMER.

THANK YOU.

“Consider again that dot. That’s here. That’s home. That’s us. On it everyone you love, everyone you know, everyone you ever heard of, every human being who ever was, lived out their lives. The aggregate of our joy and suffering, thousands of confident religions, ideologies, and economic doctrines, every hunter and forager, every hero and coward, every creator and destroyer of civilization, every king and peasant, every young couple in love, every mother and father, hopeful child, inventor and explorer, every teacher of morals, every corrupt politician, every “supreme leader”, every “superstar,” every saint and sinner in the history of our species lived there-on a mote of dust suspended in a sunbeam.

The Earth is a very small stage in a vast cosmic arena. Think of the endless cruelties visited by the inhabitants of one corner of this pixel on the scarcely distinguishable inhabitants of some other corner, how frequent their misunderstandings, how eager they are to kill one another, how fervent their hatreds.

Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot.

Our posturings, our imagined self-importance, the delusion that we have some privileged position in the Universe, are challenged by this point of pale light. Our planet is a lonely speck in the great enveloping cosmic dark. In our obscurity, in all this vastness, there is no hint that help will come from elsewhere to save us from ourselves.

Like it or not, for the moment the Earth is where we make our stand.

It has been said that astronomy is a humbling and character-building experience. There is perhaps no better demonstration of the folly of human conceits than this distant image of our tiny world. It underscores our responsibility to deal more kindly with one another, and to preserve and cherish the only home we’ve ever known, the pale blue dot”

–Carl Sagan

Best Served Fresh

Yesterday was Independence Day here in the United States.  It is the day that we celebrate the birthday of America and what we affectionately refer to as the 4th of July.

Though none of us were around to experience those early years of our country, there have been many books written to recount the proceedings that took place and capture information from documents and letters that were circulated during that time.  The events that led to our independence happened over 200 years ago, but they are still touching our lives to this very day!

We may have a tendency to think that the founders of our country had it pretty easy – that they were all outstanding individuals who had wealth, possessions, power and prestige.  After all, in the early days of our country, things were much smaller and under better control.  The government was able to be run more efficiently because it was in the hands of people who were highly committed to the success of this new endeavor called America. continue reading…

I know you really DO want that case, so here it is

Thanks Derek for this one