B.C. prepares for HST decision

Former Alberta finance minister Jim Dinning

Jim Dinning admits that it’s ironic for a former Alberta finance minister to be asked to weigh the merits of B.C.’s two choices for sales taxes.

But now out of politics and serving as chancellor of the University of Calgary, Dinning is chairing an independent review panel to compare the harmonized sales tax with B.C.’s former provincial sales tax before a referendum on the HST later this year.

Also named to the panel are former B.C. auditor-general George Morfitt, Simon Fraser University professor John Richards and Tracie Redies, CEO of Coast Capital Savings.

Their report is due April 1, and will make no recommendation on either the HST or the PST, Dinning told Black Press.

“Polling showed that people don’t feel they have all the facts they need, and they’re looking for an independent source rather than just the government information source,” he said.

The Canadian Taxpayers’ Federation is making a recommendation to voters: keep the HST and demand a lower rate to reflect the broader base of the new sales tax.

Gregory Thomas, the CTF’s communications director for B.C., says voting “no” in the referendum would kill off the “63-year-old relic” of the PST. He argues that the federal government reduced the Goods and Services Tax from seven to five per cent, and B.C. could do the same.

“Here in B.C. the government could have introduced the HST at a lower rate,” Thomas said. “Instead they chose to create an expensive and confusing rat’s maze of exemptions, credits and loopholes for special interests, and pay for it by charging ordinary taxpayers an exorbitant seven-per-cent HST rate.”

Thomas noted that if the HST rate were lowered, credits paid to a million low-income B.C. residents would also come down.

For special interests, he cited home builders, who benefit from HST credits and also successfully lobbied the province to raise the exemption for new home construction to $525,000. Resale housing is not subject to HST.

The B.C. government also launched a new website at www.hstinbc.ca to offer videos and answers to frequently asked questions about the change from PST to GST.

Just Posted

Number of SD62 kindergarten registrations about same as last year

Approximately 850 kindergarten registrations for 2019/2020 school year

28 years later: Dunahee disappearance remains largest investigation in Victoria police history

The four-year old Victoria boy went missing without a trace on March 24, 1991

City of Langford mails out information on sewer connection requirement

Plan lays out obligations, exemptions and financial assistance information for the costly hookup

Update: BC Transit driver taken to hospital with serious injuries after assault

Driver attempted to stop an altercation between two people on the bus

Protective human chain forms around Victoria mosque for Friday prayer

Islanders stand arm-in-arm to show support in aftermath of New Zealand shootings

‘Families torn apart:’ Truck driver in fatal Broncos crash gets 8-year sentence

Judge Inez Cardinal told court in Melfort, Sask., that Sidhu’s remorse and guilty plea were mitigating factors

Vancouver Island motorists attempted CPR on victim in fatal Highway 4 crash

Collision took place west of Whiskey Creek; man in his 70s died

POLL: When do you think the next major earthquake will hit Vancouver Island?

According to seismologists, Vancouver Island is overdue for a magnitude 7 earthquake.… Continue reading

Greater Victoria Wanted List for the week of March 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

WestJet sticking with Boeing 737 Max once planes certified to fly

WestJet had expected to add two more of the planes this year to increase its fleet to 13

B.C. driver caught going 207 km/h on motorcycle along Okanagan Highway

A motorcyclist was caught by Kelowna RCMP going 207 km/h on Highway 97C

Motorcyclist dies after three-vehicle crash on old Island Highway

Accident happened at 12:15 p.m. Friday near Country Club Centre in Nanaimo

B.C. fire department offers tips to keep your home safe during wildfire season

With wildfire season getting closer, the Penticton Fire Dept. offer tips to keep your home safe

Most Read