Across Ontario, when Joe Public sells his house, he is going to be paying an average of $1,500 in additional taxes to the provincial government when this PST/GST "Harmonization" takes effect.
Based on total home sales last year, and using the average sale price as a guide, it will mean over $100 million in additional revenue to the provincial government.
How is this "simpler", as they say, for the consumer?
At a time when the economy is struggling and the real estate market is still in a decline, a new tax is not going to help things.
More articles about it.......
Blended tax drives up costs for both new and resale home buyers in Ontario
Ontarians to receive $1,000 tax trade-offWhat the #!%* is sales tax harmonization?
Ontario in decline
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