Well, it looks as if British Columbia will again be receiving a nice surprise from our government this summer and not one of those welcomed kind of surprises unfortunately. Along with the arrival of our “…new… HST…” tax in July, we are also finding out we will be seeing a hike in the provinces PST on the sale of used vehicles aircraft and boats, not just for dealerships but also in private sales. Some are now speculating if this new tax hike may have purposely been placed where it was in the recent budget report, to avoid notice.
Details regarding the new tax jump were found in a recent CBC News article, Tax rise on private car sales hidden: B.C. NDP, stating that:
“…the B.C. government now plans to raise the PST on private sales of automobiles, boats and cars to 12 per cent the same day as the HST goes into effect…”
And…
“…Over the next two years, the government expects to generate about $120 million in extra revenue from the increased tax….”
Source: CBC News
This is a tactic that does not surprise. Really, is this anything new? Just another dollar out of the pocket to... the government. This really is not that big of a deal as how many times a year does the average person sell a boat, car, or airplane in one year? Surely, not too many in today’s economy…
As for the extra revenue the government plans to “generate” with this “increased tax” on British Columbian’s, what are their plans for that? Pay off some of that Olympic security bill? Maybe, work on the good ol’ deficit that we just keep racking up… Surely.
No really, please, just take our money.
Comments
Very interesting- I think they have been talking about that here too. Whatever!!!
Very interesting!
Increased taxes? Government? Really???
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