Monday, January 24, 2011

HST Impact Soften


Ontario's Liberal government says more people will see a net benefit from the harmonized sales tax in three years because of new tax credits and energy rebates.

Documents obtained from the Ministry of Finance suggest the HST would not cost Ontario households about $385-million more by 2013 as originally projected.

Revised figures state the single sales tax will result in $490-million in savings for consumers in the third year.