tag:blogger.com,1999:blog-3454149285514756350.post6554791438678014789..comments2010-10-17T17:14:59.446-07:00Comments on Dan's Diatribe: Reading the NotesDan's Diatribehttp://www.blogger.com/profile/07491754724047763692noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3454149285514756350.post-29615909082899723942009-12-14T11:02:01.034-08:002009-12-14T11:02:01.034-08:00Although this HST will cause some short-term hards...Although this HST will cause some short-term hardship during the transition period. There are a number of measures aimed at helping people with low-incomes.<br /><br />First, there are transition cheques of $300 - $1000 in the first year. Second there are permanent income tax cuts for 93% Ontarians. As part of this 90,000 low-income earners will no longer have to pay personal income tax.<br /><br />The experience in the Atlantic Provinces shows that cost savings to businesses were passed down to consumers. A recent report by TD Bank states that this will be the situation in Ontario as well – and will happen in the first year. <br /><br />A report by economist Jack Mintz, “Ontario’s Bold Move to Create Jobs and Growth” confirms that Ontario needs to reform its tax system to create jobs and put Ontario back on its feet. It says, as a result of the HST, within 10 years Ontario would see:<br />o An estimated 591,000 additional new jobs<br />o Increased capital investment of $47billion<br />o Increased overall annual worker incomes of up to 8.8 per cent, or $29.4billion<br /><br />The HST will help get people back to work and improve Ontario's economy - something that will benefit all of us.<br /><br />Please visit: http://sites.google.com/site/thetruthaboutthehst/HST Factshttps://www.blogger.com/profile/09119452674199952456noreply@blogger.com