THUNDER BAY – “Our government’s new tax plan is designed to create jobs and economic growth across our province. I look forward to working with businesses, communities and individuals across northern Ontario, to embrace change and new opportunities that will help us attain the growth and employment we need for our future prosperity,” shares Michael Gravelle, the MPP for Thunder Bay Superior North.
The enthusiasm for the new HST is shared by Bill Mauro, the MPP for Thunder Bay Atikokan. “The implementation of the HST is acknowledged to be the best policy option available to our government to create business investment and job creation. We will now be better able to compete with the other countries and provinces that have taken a similar path,” states Mauro.
The Ontario Government says “The Harmonized Sales Tax will return approximately 5 billion dollars to Ontario businesses and will create hundreds of thousands of new jobs.
On July 1st, the province of Ontario’s 50 year old tax system will get a major overhaul. Ontario is cutting business taxes, eliminating the small business deduction surtax and harmonizing the GST and the RST. The Harmonized Sales Tax will make absolutely no difference to the prices of 83% of the goods and services we purchase every day but it will make a huge difference for businesses. The RST portion of the HST will now be rebated to businesses all along the supply chain.
The HST is a key component of the five year Open Ontario plan which supports job creation and enhances the programs and services, including education, health care and skills training that Ontarians value.