Eagle Quest Properties

Next summer (2010) the Ontario Government is set to  put into force its new harmonized GST/PST sales tax which will apply a 13%  sales tax to everything we purchase.

Things That Were Not Subject To The Current 8% PST will be now taxed.
As a result, things that were not previously taxed under the current Ontario Provincial Sales Tax (PST) will be taxed at 8%..

The new 13% tax will therefore apply to things like your electric bill, your gas bill, your water bill, condominium fees, insurance premiums, and every other good and service you purchase. There are almost no exemptions.

The current Ontario PST tax does not apply to services, nor does it apply to the purchase of certain goods. The new 13% tax will therefore extend the old 8% PST tax rate to the purchase of all goods and all services.

The New 13% Tax Will Apply To The Purchase of All New Homes. The new harmonized GST/PST will also apply to all purchases of all new homes. If a person were to purchase a new $1 million dollar home in Toronto , they would have to pay roughly $200,000 in taxes as a result of the Ontario land transfer tax, the new city of Toronto land transfer tax, and the new harmonized 13% GST/PST.

Think about that and what that would do to real estate values in the province .

It will cause property values to fall and kill the new home construction industry and the jobs it creates.

And it won’t be long before you’ll hear our elected representatives telling us that, because of the harm that has been inflicted to the new home construction industry by the new 13% tax, it would be “fair” to extend the new 13% tax to sales of existing homes.

The New 13% Tax Is An Assault On Your Primary Residence. Canadians have had two things that they have always been able to count on as being tax free – things that they could use to save money and accumulate wealth. They are your: (a) primary home; and (b)RRSP. That’s it.

The extension of the new 13% GST/PST to homes is simply a tax assault by the government on your primary home.. They want to tax your primary home and you will suffer because of it.
Why? Because if a purchaser has to pay almost $200,000 in taxes to buy your $1 million dollar home, the purchaser is going to pay less to you for your home. The purchaser will reduce the amount he or she is willing to pay to you in order to pay all the taxes.

The New 13% Tax Will Effectively Raise Your Income Taxes. Currently, the combined Federal/Ontario income tax rates are roughly 25% on the first $20,000 of taxable income, 42% on the next $40,000 of taxable income, and 46.5% on each dollar of taxable income over $60,000.
On top of that you have to add the “Fair Share Health Tax” of up to $1,000 each of us has to pay.

If the Ontario Government gets away with implementing their new harmonized GST/PST sales tax of 13%, the top effective income tax rates in Ontario will be as follows (since you can’t spend any of your tax paid dollars without paying the new harmonized 13% GST/PST tax):

38% on the first $20,000
53% on the next $40,000
59.5% on every dollar over $60,000

On top of that, you have to pay your Ontario Fair Share Health Tax, your city realty taxes, your city garbage fees, your city water fees, your city street parking permit fees, your annual Ontario vehicle license plate fees, your Ontario land transfer tax, your gasoline taxes, your liquor taxes, your air departure taxes, your entertainment taxes, and so on..

OF ALL THE MONEY YOU WORKED HARD TO EARN, WHAT PERCENTAGE
ARE YOU REALLY KEEPING FOR YOUR OWN USE?  25%? 20%? 10%? ENOUGH IS ENOUGH – FIGHT BACK THIS HAS GOT TO STOP HERE OR WE WILL ALL SOON BE WORKING FULL TIME FOR THE VARIOUS LEVELS OF GOVERNMENT IN ONTARIO .
YOU CAN ALREADY SEE HOW ARE LIFESTYLES ARE DECLINING BECAUSE OF THE ENORMOUS TAX LOAD WE BEAR.. AS A RESULT, I URGE YOU TO TAKE THIS ISSUE SERIOUSLY AND TO FILL IN AND SIGN THE PETITION AT  www.unfairtaxgrab.com AGAINST THE NEW HARMONIZED GST/PST TAX.

I WOULD ALSO ASK YOU TO SEND THIS E-MAIL ON TO OTHERS THAT YOU KNOW AND ASK THEM TO DO THE SAME. IF WE DON’T WORK TOGETHER ON THIS ISSUE THE NEW HARMONIZED 13% SALES TAX WILL BECOME A REALITY NEXT SUMMER.

THANK YOU.

to sign a petition go to  www.unfairtaxgrab.com

Thousands say “no” to the HST

Dalton McGuinty claims “no one is complaining” about his unfair tax grab. You proved him wrong this week. On Wednesday we sent out a request asking you to send a message to the McGuinty Government about the HST. Almost instantly our email box began to fill. By the end of the day we’d received nearly 2,000 messages.New Democrat Members of Provincial Parliament did their best to read them into the record in the Legislature, but they simply ran out of time. The good news is: there are more debates to come and we’ll be sending you details about how to keep up the fight against this unfair tax grab. In the meantime, you can read a transcript of the debate here .

Together we can stop the HST.

One of our visitors is infected by the BigDadSearch hijacker software, so I thought I would post this information to help them (and possibly others that might be infected by the malware).

Ontario Works caseloads are growing as employment insurance benefits run out for those who were laid off earlier this year.

“We’re concerned about the fall when people who were laid off in March exhaust their employment insurance benefits,” said Pat Ranford, manager of the Ontario Works division of the Haldimand Norfolk Health and Social Services Department.

“We always anticipate an increase from October to February.”

From March to April, Statistics Canada reported a decrease of 140 people receiving EI Regular Benefits.

The Ontario Works caseload jumped 12 cases in the same time and another 20 from April to May. They’ve seen a 19 per cent increase from June 2008 to June 2009.

via Norfolk, Haldimand brace for welfare spike – Tillsonburg News – Ontario, CA.

County councillors voted last week to send funds to help Haldimand County residents who were victims of flooding this past winter.

“I believe that we need to support this in some way,” said Ward 5 Councillor Brian Coleman. Coleman suggested that the county send $1,000 in response to a July request from the Haldimand County Disaster Relief Committee. The Haldimand committee suggested a donation of $250, explaining that the province has agreed to match funds for the relief effort on an up to 2:1 ratio. Their letter noted that estimated financial loss as a result of the flood is pegged at $1.8 million. The province declared the region a disaster area.

The February 13 flood occurred as a result of ice build-up on the Grand River. Families who live along the river from Dunnville to Cayuga saw their homes destroyed and their lives devastated, according to the appeal for help.

via Brant extends helping hand to victims of Haldimand County flood – Paris Star – Ontario, CA.