AMHERST - Cumberland County's auto retailers are asking Finance Minister Graham Steele to reconsider any plans to increase the HST in Nova Scotia to help fight the province's spiralling deficit.
Auto retailers worried HST increase could hurt business
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- - February 25, 2010 at 00:46:03
easy fix ... just refuse to pay it ... the shopping list for newbrunswick just got a little bigger ..
- - February 25, 2010 at 00:45:59
Someone can correct me if I am wrong, but, if you live in N.S. and you go to N.B. to buy a car, do you not just pay the GST portion of the HST in N.B. and when you register the car at RMV then you pay the provincial portion of the HST here? So if this is true, anyone that goes to N.B. to buy a car because of the increase of 2% on the HST(which is currently 8% provincial + 5% GST, soon to be 10% provincial) then you would not be saving anything. The GST portion goes to the Fed's, and the Provincial portion stays in the province the vehicle is owned.
- - February 25, 2010 at 00:45:55
Well, of course it's going to hurt their businesses and every other business in our region.
We're not talking two extra cents on a bag of chips. Everything Nova Scotians buy in this province will have an extra 2 per cent added on -- that can add up to thousands of dollars extra per household every year!
I say this government needs to look at its own spending before it comes running to the people looking for yet another handout!
These guys are like the 35-year-old kid still living at home, spending his own money like a drunken sailor while Mommy and Daddy cover all his bills!
- - February 25, 2010 at 00:45:35
Now this is a story Darrell. This is big bucks and jobs leaving Cumberlnd in the event of a tax increase. Too bad these dealerships had to pay for an ad in your paper for you to notice.
If you weren't so busy chasing cancer sticks.......
- watch you spending
- - February 25, 2010 at 00:45:31
I agree, the gov at all levels should be watching every penny they spend and ask themselves one simple question. Would the tax payers approve of this or not? Every decision they make, from the office equipment they purchase to the amout they get reimbursed for their travel should be considered. There are plenty of ways to save a little here and there that add up! Some people get a little greedy and selfish at times.
- - February 25, 2010 at 00:45:28
Well said, guys! This is a perfect example of how a potential HST increase, intended to increase provincial tax revenue could actually have the reverse effect! If the tax hike is intended to bring in an extra 2 percent, and results in a loss of the 13 percent that would have otherwise been received, are we accomplishing anything positive? Vehicles, being big ticket items, are going to show the greatest cost differential. Shoppers, given the choice, will save hundreds to thousands by shopping where the tax is lower, taking that tax out of the NS revenue stream as well as the profit on those sales out of the local economy.
- - February 25, 2010 at 00:45:28
Take it all
- - February 25, 2010 at 00:45:23
@Scott - I believe you are correct for used cars not bought from a dealer (and possibly from a dealer too, unsure about that) but when it comes to new cars it just depends on where you take delivery. That means for NB customers of Amherst dealerships, they have to get their car literally delivered to their home address.
Here's the problem for Amherst and other residents as I read it - we don't have NB addresses. Therefore, to save the 2% tax (which is about 1 whole car payment), we have to buy from and take delivery at a New Brunswick dealer. We can't buy from our home town (unless you want to pay the extra tax). Somebody please correct me if I'm wrong on this, but it looks like that's the case.
Little wonder car dealers took out a full page ad yesterday. If this increase goes through, Amherst dealers might as well pack up and move to Sackville. Greg's right, the 2% they will gain will mean 10% lost to New Brunswick.