Recently tagged taxes
Taxes: A border issue
Not all that long ago, taxpayers in Newfoundland and Labrador were paying, oh, about 19.84 on many goods and services (that’s 12 plus seven plus, lest we forget, the joy of compounding). The HST came in and the rate was set at 15 per cent, and now is done to 13 per cent.
Back in the day, taxpayers here must have been envious of the lower taxes in Nova Scotia. Well, things have changed.
Nova Scotia hiked its HST rate to 15 per cent, effective July 1, as the Darrell Dexter government grapples with a bulging deficit. There’s already been an effect, as shoppers in Nova Scotia have been heading for deals … in New Brunswick.
So, we have a consumption tax rate two percentage points less than Nova Scotia, which positions itself as the economic hub of the Atlantic region. How significant is that?
