Related
Internal Links
A coalition of business and retail groups is speaking out in support of B.C.'s planned harmonized sales tax.
The controversial 12 per cent sales tax is set to go into effect in July 2010, replacing the provincial sales tax and federal goods and services tax.
So far the tax has met with vocal opposition from opponents who say it will hurt consumers and small businesses because many items that were exempt from the old PST will be taxed more under the HST.
But members of a coalition of business and retail interests held a press conference Monday morning to say they support the new tax because of its more indirect benefits.
Max Logan, of the Retail Council of Canada, said it's time supporters of the tax spoke up publicly about the benefits.
"We believe that HST will improve the underlying strength of B.C.'s economy, improve productivity and most importantly boost wages. We want the media and the public at large to know that there is another side to the HST story, and that is that HST has many positives for B.C.," said Logan.
Jock Finlayson, the vice-president of the Business Council of B.C., also spoke out in favour of the HST, saying the new pro-HST coalition represents more than 30,000 business and employers.
Share Tools
Top News Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- Legalize pot, say former B.C. attorneys general
- Four former B.C. attorneys general are joining a coalition of health and justice experts calling for the legalization of marijuana. more »
- Whitney Houston's funeral to be held Saturday
- Pop star Whitney Houston's funeral service will be held Saturday in the New Jersey church where she first showcased her singing talents as a child. more »
- Online surveillance bill targets child porn: Toews
- A bill that would give police and intelligence agencies new powers to access Canadians' electronic communications is needed to protect against child pornography, says Public Safety Minister Vic Toews. more »
Latest Business Headlines
- Air Canada confident it can reach deal with pilots
- Travellers flying Air Canada can keep booking their flights as negotiations continue with a new federally appointed mediator to help resolve an ongoing contract dispute between the airline and its pilots. more »
- CPP invests $1.8B in U.S. malls
- The Canada Pension Plan Investment Board is making a whopping $1.8-billion investment in shopping malls in the U.S. with a new joint venture agreement with the Westfield Group in its biggest real estate deal to date. more »
- Nortel hit by suspected Chinese cyberattacks for a decade
- Hackers based in China enjoyed widespread access to Nortel's computer network for nearly a decade, according to a report. more »
- CN blamed for fatal train derailment in Illinois
- CN is being blamed for a 2009 train derailment in Illinois, in which several cars went off the tracks and caught fire, killing one person and injuring seven others. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12354.47 | -44.22 |
| DOW | 12878.28 | 4.24 |
| NASDAQ | 2931.83 | 0.44 |
| SP 500 | 1350.5 | -1.27 |
| NYSE COMPOSITE | 8029.61 | -26.64 |
| AMEX | 2429.06 | -2.72 |
| TSX-VENTURE | 1630.03 | -19.33 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Legalize pot, say former B.C. attorneys general
- Botox injected by unlicensed practitioners
- Toronto NBA fans experience 'Lin-sanity'
- Homicide follows Vancouver family argument
- Tires slashed on more than 100 cars in Surrey
- Trudeau says sovereignty less of a bogeyman now
- Online surveillance bill targets child porn: Toews
- Adults told B.C. teen had taken ecstasy
- B.C. Mountie drank to 'calm nerves' after fatal crash

