Home Buyers Are Ignorant about HST in British Columbia and Ontario

I wrote about this myths about HST is causing a havoc in real estate market where HST was introduced in July 2009.

Home buyers are ignorant about HST and also real estate experts have failed to send the message about the net effect of HST to the prospective home buyers.

A recent study confirms my conclusion about HST and Real Estate market.

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How to Save HST and Benefit both Consumers and Businesses

British Columbia HST referendum will take place as specified by the BC Legislation on Saturday, September 24, 2011. Until then, consumers will pay 12% HST and businesses will be able to claim 12% HST input tax credit.

During the remaining 11 months, before the referendum, BC businesses must convince consumers about the benefits of HST to keep it from rescinding it. The benefit of 7% additional input tax credit with HST is beneficial for all businesses.
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Workplace Training for Innovation (WTI) FAQ

Since WTI has been in the media there have been a lot of interest about the program.

This is part of Canada govt.’s action plan to stimulate the economy and increasing the skills of currently employed people. It is funded by our Tax money.

The money is a grant; it means you do not have to pay it back, if you follow the grant guideline.

You must use the fund to train your employees (strictly who are on payroll) or you will have to return it to BC Province.
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Tax Relief in Budget 2010

In his 2010 budget speech the Honourable Jim Flaherty, Minister of Finance declared “Reducing the tax burden on Canadian families and businesses through a more efficient and fairer tax system helps support Canada’s economic recovery.”

Here are some tax measures that will help families and businesses to reduce their annual tax burden:

Provide for the sharing of the Canada Child Tax Benefit (CCTB) and the Universal Child Care Benefit (UCCB) in cases of shared custody.
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CRA Warns Canadian Taxpayers of Mail Scam

The Canada Revenue Agency (CRA) is warning taxpayers to beware of a recent scam where some taxpayers are receiving a letter fraudulently identified as coming from the CRA and asking for sensitive personal information. CRA confirms the letter is not from the CRA. All taxpayers should be vigilant when divulging any confidential information to third parties. The CRA has well established practices to protect the confidentiality of taxpayers’ information.
Here is a sample of the fraudulent letter.
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